Hedeker Wealth LLC Sells 383 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hedeker Wealth LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,971 shares of the financial services provider’s stock after selling 383 shares during the quarter. Hedeker Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $3,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC increased its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at $34,000. Davidson Capital Management Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at $40,000. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,799 shares of company stock worth $2,963,721. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $2.42 during midday trading on Friday, hitting $213.97. The company had a trading volume of 7,931,234 shares, compared to its average volume of 9,221,095. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market cap of $614.45 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The business’s 50-day simple moving average is $204.67 and its 200-day simple moving average is $195.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the business posted $4.37 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.15%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup upped their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Evercore ISI upped their price target on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. 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.