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.
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