DSG Capital Advisors LLC Takes $16.02 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

DSG Capital Advisors LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 66,838 shares of the financial services provider's stock, valued at approximately $16,022,000. JPMorgan Chase & Co. accounts for approximately 2.9% of DSG Capital Advisors LLC's investment portfolio, making the stock its 9th largest holding.

A number of other large investors have also recently modified their holdings of the stock. Chancellor Financial Group WB LP bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $1,925,000. Triton Wealth Management PLLC lifted its stake in JPMorgan Chase & Co. by 12.1% during the 4th quarter. Triton Wealth Management PLLC now owns 2,314 shares of the financial services provider's stock valued at $571,000 after acquiring an additional 249 shares during the period. Thoma Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $721,000. Members Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $203,000. Finally, Tableaux LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $519,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $0.40 during mid-day trading on Friday, reaching $263.97. The company's stock had a trading volume of 10,976,619 shares, compared to its average volume of 9,584,167. The stock has a fifty day moving average of $245.86 and a two-hundred day moving average of $249.13. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The firm has a market capitalization of $733.60 billion, a PE ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 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 for the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the business earned $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer now directly owns 68,583 shares of the company's stock, valued at $17,197,873.08. This trade represents a 8.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Bank of America cut their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $266.65.

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.