Evermay Wealth Management LLC Has $4.19 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Evermay Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,905 shares of the financial services provider’s stock after purchasing an additional 424 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Evermay Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Evermay Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,187,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC raised its position in shares of JPMorgan Chase & Co. by 227.1% in the 1st 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 period. Richardson Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Barclays raised their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock worth $14,137,789 over the last 90 days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded up $3.16 during midday trading on Friday, reaching $211.83. 1,636,527 shares of the stock were exchanged, compared to its average volume of 9,194,646. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $608.31 billion, a P/E ratio of 11.78, a PEG ratio of 2.45 and a beta of 1.12. The stock’s 50 day simple moving average is $202.24 and its 200 day simple moving average is $191.32.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the firm earned $4.37 earnings per share. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

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.