Dakota Wealth Management Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Dakota Wealth Management raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 27.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,306 shares of the financial services provider’s stock after buying an additional 39,410 shares during the quarter. JPMorgan Chase & Co. comprises about 0.9% of Dakota Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Dakota Wealth Management’s holdings in JPMorgan Chase & Co. were worth $36,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Eastover Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $227,000. Smith Anglin Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 14.5% in the 1st quarter. Smith Anglin Financial LLC now owns 3,070 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 389 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 4,772.5% in the 1st quarter. Simplicity Wealth LLC now owns 105,831 shares of the financial services provider’s stock worth $21,198,000 after purchasing an additional 103,659 shares in the last quarter. GDS Wealth Management increased its holdings in shares of JPMorgan Chase & Co. by 9.8% in the 1st quarter. GDS Wealth Management now owns 66,654 shares of the financial services provider’s stock worth $13,351,000 after purchasing an additional 5,924 shares in the last quarter. Finally, Wells Trecaso Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. Wells Trecaso Financial Group LLC now owns 65,285 shares of the financial services provider’s stock worth $13,076,000 after purchasing an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded down $9.14 on Monday, hitting $195.65. 17,351,615 shares of the company traded hands, compared to its average volume of 9,274,532. The company has a market capitalization of $561.84 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.52 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. The business’s 50 day moving average price is $193.99 and its 200-day moving average price is $176.98. JPMorgan Chase & Co. has a 52-week low of $134.40 and a 52-week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating 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 company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Equities analysts expect that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed 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. This represents a $4.60 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. UBS Group reduced their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Piper Sandler reduced their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Activity

In other news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated 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 in the company, valued at $8,222,569.04. The disclosure for this sale can be found here. Insiders have sold 1,081,127 shares of company stock worth $198,695,364 over the last ninety days. Corporate 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.