5,543 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,543 shares of the financial services provider's stock, valued at approximately $1,329,000. JPMorgan Chase & Co. comprises 1.9% of Yoffe Investment Management LLC's holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also recently modified their holdings of JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $29,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.7%

NYSE JPM traded up $4.41 during trading on Tuesday, reaching $265.12. 7,499,634 shares of the company's stock were exchanged, compared to its average volume of 9,577,226. The stock has a market cap of $736.79 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a 50 day moving average price of $244.31 and a two-hundred day moving average price of $248.58. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer now owns 68,583 shares in the company, valued at $17,197,873.08. The trade was a 8.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the sale, the general counsel now directly owns 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,594 shares of company stock worth $23,991,061. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird increased their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. TD Securities raised their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and set a $285.00 target price (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

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.