Premier Path Wealth Partners LLC Has $4.66 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Premier Path Wealth Partners LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,268 shares of the financial services provider’s stock after selling 819 shares during the quarter. JPMorgan Chase & Co. comprises 0.9% of Premier Path Wealth Partners LLC’s holdings, making the stock its 26th largest holding. Premier Path Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $4,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Richardson Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $34,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $40,000. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $36,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total value of $716,340.80. Following the completion of the transaction, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,081,127 shares of company stock worth $198,695,364. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 0.6 %

JPMorgan Chase & Co. stock traded down $1.23 during trading on Wednesday, hitting $198.29. 9,420,618 shares of the company were exchanged, compared to its average volume of 9,329,456. The business’s 50 day moving average is $194.32 and its 200 day moving average is $177.52. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $205.88. The company has a market capitalization of $569.42 billion, a P/E ratio of 11.97, a PEG ratio of 2.40 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. Analysts predict that JPMorgan Chase & Co. will post 16.28 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.