Pitti Group Wealth Management LLC Has $543,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Pitti Group Wealth Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,777 shares of the financial services provider’s stock after selling 60 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its stake in 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 valued at $27,000 after buying an additional 89 shares in the last quarter. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $36,000. Finally, Briaud Financial Planning Inc acquired a new position in JPMorgan Chase & Co. during the third quarter worth $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $1.23 during mid-day trading on Wednesday, reaching $198.29. The company had a trading volume of 9,420,618 shares, compared to its average volume of 9,329,456. The company’s 50 day simple moving average is $194.32 and its 200 day simple moving average is $177.52. JPMorgan Chase & Co. has a 1-year low of $134.40 and a 1-year high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $569.42 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.40 and a beta of 1.13.

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

JPMorgan Chase & Co. Announces Dividend

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

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,081,127 shares of company stock worth $198,695,364. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.