Bosun Asset Management LLC Has $479,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Bosun Asset Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the financial services provider's stock after selling 1,172 shares during the quarter. Bosun Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $29,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $255.67.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Down 0.0 %

Shares of NYSE JPM opened at $252.43 on Tuesday. The stock has a market cap of $702.51 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $189.82 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company's fifty day moving average is $238.84 and its 200-day moving average is $245.05.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is 27.49%.

About JPMorgan Chase & Co.

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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