JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,598 shares of the financial services provider’s stock after selling 90 shares during the period. Evolution Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,618,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Florida Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 62.5% during the 1st quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock valued at $2,416,000 after acquiring an additional 3,792 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $471,000. Crown Wealth Group LLC lifted its position in shares of JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 222 shares during the last quarter. Morse Asset Management Inc grew its stake in JPMorgan Chase & Co. by 19.5% in the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 420 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider’s stock valued at $677,000 after acquiring an additional 112 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock worth $4,113,796 over the last ninety days. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several recent research reports. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $288.68.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $288.55 on Monday. The stock has a market capitalization of $793.44 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $283.74 and a two-hundred day simple moving average of $262.68.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. JPMorgan Chase & Co.’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $6.12 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.73%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.