5,187 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Pandora Wealth Inc.

Pandora Wealth Inc. acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,187 shares of the financial services provider’s stock, valued at approximately $1,272,000. JPMorgan Chase & Co. comprises 0.8% of Pandora Wealth Inc.’s holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wimmer Associates 1 LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 40 shares during the period. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after buying an additional 40 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock worth $2,283,000 after acquiring an additional 40 shares during the period. Black Swift Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock valued at $1,413,000 after acquiring an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.8% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8%

JPM opened at $290.49 on Thursday. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The business has a 50-day moving average of $285.29 and a two-hundred day moving average of $263.25. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $798.78 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were given a $1.40 dividend. This represents a $5.60 annualized dividend 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 (DPR) is 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated 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 directly owned 36,520 shares of the company’s stock, valued at $9,703,729.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,557 shares of company stock worth $4,113,796 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JPM shares. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, July 7th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Three 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

About JPMorgan Chase & Co.

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.