Stratos Wealth Advisors LLC Sells 1,147 Shares of JPMorgan Chase & Co. (NYSE:JPM)

view original post

Stratos Wealth Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,940 shares of the financial services provider’s stock after selling 1,147 shares during the period. Stratos Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ACT Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 25.5% in the 4th quarter. ACT Wealth Management LLC now owns 2,749 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 559 shares in the last quarter. Syverson Strege & Co raised its stake in JPMorgan Chase & Co. by 9.4% in the 4th quarter. Syverson Strege & Co now owns 1,508 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 130 shares in the last quarter. Curbstone Financial Management Corp raised its stake in JPMorgan Chase & Co. by 2.2% in the 4th quarter. Curbstone Financial Management Corp now owns 25,698 shares of the financial services provider’s stock worth $4,069,000 after purchasing an additional 542 shares in the last quarter. Caliber Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 26.3% in the 4th quarter. Caliber Wealth Management LLC now owns 13,846 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in JPMorgan Chase & Co. by 23.6% in the 4th quarter. Tandem Investment Advisors Inc. now owns 3,860 shares of the financial services provider’s stock worth $611,000 after purchasing an additional 738 shares in the last quarter. 70.35% of the stock is owned by institutional investors.

JPMorgan Chase & Co. stock opened at $108.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The firm’s fifty day moving average is $119.56 and its 200 day moving average is $134.83. The company has a market capitalization of $317.20 billion, a PE ratio of 8.01, a PEG ratio of 2.04 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the company earned $3.78 EPS. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.70%. JPMorgan Chase & Co.’s payout ratio is 29.67%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Several brokerages have recently commented on JPM. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Piper Sandler decreased their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Oppenheimer raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Tuesday, May 3rd. Berenberg Bank set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, April 19th. Finally, Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $150.56.

JPMorgan Chase & Co. Company Profile (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Featured Articles

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.