Yarger Wealth Strategies LLC Has $1.98 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Yarger Wealth Strategies LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,072 shares of the financial services provider’s stock after selling 1,740 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of Yarger Wealth Strategies LLC’s investment portfolio, making the stock its 26th largest position. Yarger Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Members Wealth LLC boosted its stake in JPMorgan Chase & Co. by 9.6% in the 1st quarter. Members Wealth LLC now owns 929 shares of the financial services provider’s stock valued at $228,000 after buying an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in JPMorgan Chase & Co. by 61.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 7,173 shares of the financial services provider’s stock valued at $1,760,000 after buying an additional 2,718 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in JPMorgan Chase & Co. by 20.0% in the 1st quarter. Simon Quick Advisors LLC now owns 30,882 shares of the financial services provider’s stock valued at $7,575,000 after buying an additional 5,155 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Capital Advisors Ltd. LLC now owns 10,490 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 72 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in JPMorgan Chase & Co. by 57.1% in the 1st quarter. Zhang Financial LLC now owns 19,436 shares of the financial services provider’s stock valued at $4,767,000 after buying an additional 7,067 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.3%

JPM stock opened at $264.72 on Friday. The company has a market cap of $735.69 billion, a P/E ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average of $252.10 and a 200-day moving average of $250.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.44 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling

In related news, 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 transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 over the last three months. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group boosted their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Morgan Stanley reiterated an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Evercore ISI cut their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Finally, TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective for the company. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $269.65.

JPMorgan Chase & Co. Company 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.