Wealthquest Corp Acquires New Holdings in JPMorgan Chase & Co. $JPM

Wealthquest Corp acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,395 shares of the financial services provider’s stock, valued at approximately $3,027,000. JPMorgan Chase & Co. makes up 0.2% of Wealthquest Corp’s portfolio, making the stock its 29th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $35,000. Merrithew & Thorsten Inc acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $40,000. WHI TRUST Co LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Cresta Advisors Ltd. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $48,000. Finally, Miller Global Investments LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $52,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Wells Fargo & Company lowered their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Evercore raised their target price on shares of JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Argus raised their target price on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $323.00 to $332.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $339.08.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s Q2 fee income outlook looks strong, with expectations for higher markets revenue and investment-banking fees as volatility and deal-making support results. JPMorgan’s Bullish Q2 Outlook Highlights Fee Income Potential
• Positive Sentiment: Additional bullish coverage highlighted JPMorgan as a strong financial stock choice and one that can benefit if interest rates remain elevated or rise again, since higher rates can support bank net interest income. If the Fed Hikes Again, These 3 Financial Stocks Should Still Hold Up
• Neutral Sentiment: JPMorgan also appeared in several broader market and analyst roundups, including “best undervalued financial stock” and “stock to watch” lists, which support sentiment but do not add a new near-term fundamental catalyst. JPMorgan (JPM): The Best Undervalued Financial Stock to Buy Now
• Neutral Sentiment: There were also several references to JPMorgan’s broader market influence, including research notes and banking-industry commentary, but these are mostly informational rather than direct catalysts for the shares. JPMorgan’s Bullish Q2 Outlook Highlights Fee Income Potential
• Negative Sentiment: One legal headline noted JPMorgan was ordered to pay $4.25 million in an employee dispute, but the amount is small relative to the bank’s size and is unlikely to move the stock on its own. JPMorgan has been ordered to pay a fired employee $4.25 million over a Super Bowl deli platter dispute

JPMorgan Chase & Co. Stock Down 0.8%

JPM opened at $296.84 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $260.31 and a fifty-two week high of $337.25. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. The company has a fifty day moving average of $302.65 and a two-hundred day moving average of $306.58. The stock has a market capitalization of $795.38 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.46 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The company had revenue of $50.54 billion during the quarter, compared to analysts’ expectations of $48.30 billion. During the same quarter in the previous year, the company earned $5.07 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 22.4 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is presently 28.74%.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 9,136 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16. Following the completion of the transaction, the chief operating officer owned 90,001 shares of the company’s stock, valued at approximately $27,590,706.56. The trade was a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 5,611 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.55, for a total transaction of $1,720,052.05. Following the completion of the transaction, the chief financial officer directly owned 35,460 shares of the company’s stock, valued at $10,870,263. The trade was a 13.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,589 shares of company stock worth $8,747,496 over the last three months. Corporate insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.