2,424 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Rockbridge Capital Management LLC

Rockbridge Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,424 shares of the financial services provider's stock, valued at approximately $581,000. JPMorgan Chase & Co. accounts for approximately 0.3% of Rockbridge Capital Management LLC's portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock worth $1,562,000 after acquiring an additional 148 shares in the last quarter. RMR Wealth Builders lifted its holdings in shares of JPMorgan Chase & Co. by 4.4% in the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider's stock worth $7,924,000 after acquiring an additional 1,382 shares during the last quarter. First Financial Corp IN lifted its holdings in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. First Financial Corp IN now owns 11,912 shares of the financial services provider's stock worth $2,855,000 after acquiring an additional 366 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. Granite Bay Wealth Management LLC now owns 26,518 shares of the financial services provider's stock valued at $6,357,000 after purchasing an additional 588 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the sale, the chief operating officer now owns 68,583 shares of the company's stock, valued at $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,188 shares of company stock valued at $33,095,363 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday. Bank of America lowered their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Finally, Evercore ISI cut their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $255.67.

JPMorgan Chase & Co. Trading Up 1.1%

JPM opened at $265.81 on Thursday. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a fifty day moving average of $239.24 and a 200-day moving average of $246.33. The stock has a market cap of $738.71 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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