3,564 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,564 shares of the financial services provider’s stock, valued at approximately $710,000.

A number of other institutional investors also recently modified their holdings of the stock. PFG Advisors boosted its holdings in JPMorgan Chase & Co. by 4.9% during the fourth quarter. PFG Advisors now owns 37,537 shares of the financial services provider’s stock worth $6,385,000 after buying an additional 1,759 shares during the last quarter. Strategic Advisors LLC boosted its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Strategic Advisors LLC now owns 44,359 shares of the financial services provider’s stock worth $7,546,000 after acquiring an additional 445 shares during the last quarter. Mirador Capital Partners LP grew its holdings in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 51,276 shares of the financial services provider’s stock valued at $8,722,000 after purchasing an additional 475 shares during the period. Wells Trecaso Financial Group LLC increased its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 64,544 shares of the financial services provider’s stock valued at $10,979,000 after purchasing an additional 164 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 7,561 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 203 shares during the period. 71.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock valued at $14,137,789 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on JPM shares. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup raised their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Finally, BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Stock Down 4.2 %

NYSE JPM traded down $8.82 during trading hours on Friday, hitting $199.14. 18,041,676 shares of the company traded hands, compared to its average volume of 9,240,251. The stock has a market capitalization of $571.86 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The business’s 50-day moving average is $203.48 and its 200-day moving average is $193.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the business earned $4.37 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

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.