JPMorgan Chase & Co. (NYSE:JPM) shares purchased by Gibraltar Capital Management Inc.

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Gibraltar Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE: JPM) by 2.5% during the first quarter, Holdings Channel reports. The company held 42,181 shares of the financial services provider after purchasing an additional 1,042 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.4% of Gibraltar Capital Management Inc.’s investment portfolio, making it its 20th largest position. Gibraltar Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,750,000 when it last filed with the Securities and Exchange Commission.

A number of other hedge funds have also recently increased or reduced their stakes in JPM. Gryphon Financial Partners LLC increased its equity stake in JPMorgan Chase & Co. by 14.5% in Q4. Gryphon Financial Partners LLC now owns 15,240 shares of the financial services provider valued at $2,414,000 after acquiring an additional 1,935 shares during the period. TCW Group Inc. increased its equity stake in JPMorgan Chase & Co. by 2.9% in the fourth quarter. TCW Group Inc. now owns 595,230 shares of the financial services provider valued at $94,254,000 after acquiring an additional 16,884 shares during the period. Comprehensive Financial Consultants Institutional Inc. bought a new position in JPMorgan Chase & Co. in Q4, valued at $3,257,000. Northstar Group Inc. increased its position in JPMorgan Chase & Co. by 2.6% in the fourth quarter. Northstar Group Inc. now owns 4,070 shares of the financial services provider valued at $644,000 after buying an additional 105 shares in the last quarter. Finally, First American Trust FSB increased its position in JPMorgan Chase & Co. by 3.0% in the 4th quarter. First American Trust FSB now owns 94,194 shares of the financial services provider valued at $14,915,000 after buying an additional 2,712 shares in the last quarter. 70.35% of the shares are currently held by institutional investors.

Separately, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade dated Thursday, April 14. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following completion of the transaction, the CEO now owns 11,135 shares of the company, valued at approximately $1,405,125.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Ashley Bacon sold 21,012 shares of the company in a trade dated Tuesday, April 19. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company, valued at approximately $23,223,583.52. The disclosure of this sale can be found here. 0.79% of the shares are held by insiders.

A number of equity analysts have recently weighed in on JPM shares. Royal Bank of Canada set a price target of $175.00 on JPMorgan Chase & Co. shares and gave the company an “outperform” rating in a Thursday, April 14 research report. Morgan Stanley lowered its price target on JPMorgan Chase & Co. shares from $161.00 to $152.00 and set an “underweight” rating on the stock in a Thursday, May 19 research report . Oppenheimer upgraded JPMorgan Chase & Co. shares from a “market performer” rating to an “outperformer” rating and set a price target of $167.00 on the stock in a research report from the Tuesday, May 3. Jefferies Financial Group raised its price target on JPMorgan Chase & Co. shares from $125.00 to $137.00 in a Tuesday, May 24 research report. Finally, Barclays set a price target of $200.00 on JPMorgan Chase & Co. shares in a Monday, May 23 research report. One research analyst rated the stock with a sell rating, eight issued a hold rating and eight issued the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.83.

Shares of JPMorgan Chase & Co. opened at $115.18 on Thursday. JPMorgan Chase & Co. has a 52-week low of $111.87 and a 52-week high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a leverage ratio of 1.16. The company’s 50-day simple moving average is $123.36 and its 200-day simple moving average is $139.80. The company has a market capitalization of $338.29 billion, a PE ratio of 8.54, a P/E/G ratio of 2.01 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Wednesday, April 13. The financial services provider reported EPS of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion in the quarter, compared to $30.53 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $4.50. JPMorgan Chase & Co.’s quarterly revenue fell 4.8% year-on-year. On average, research analysts expect JPMorgan Chase & Co. to post EPS of 11.23 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31. Investors of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.47%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

Profile of JPMorgan Chase & Co. (Get an evaluation)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

Further reading

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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