Accurate Wealth Management LLC Acquires 1,324 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Accurate Wealth Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,868 shares of the financial services provider’s stock after acquiring an additional 1,324 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Accurate Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of JPM. Twin Lakes Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after buying an additional 71 shares during the last quarter. Karpas Strategies LLC boosted its holdings in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after acquiring an additional 71 shares during the last quarter. Oxler Private Wealth LLC increased its position in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 71 shares during the period. Sanford Advisory Services LLC lifted its position in JPMorgan Chase & Co. by 2.4% during the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 73 shares during the period. Finally, Gould Asset Management LLC CA boosted its stake in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 75 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JPM shares. The Goldman Sachs Group boosted their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Bank of America raised their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Oppenheimer boosted their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Finally, Barclays cut their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.35.

JPMorgan Chase & Co. Price Performance

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Shares of NYSE JPM opened at $139.18 on Tuesday. The company has a fifty day moving average price of $138.70 and a 200 day moving average price of $136.58. The firm has a market cap of $406.72 billion, a PE ratio of 10.27, a PEG ratio of 1.92 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 14.43 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

Insider Activity

In related news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.