Armis Advisers LLC Purchases Shares of 5,106 JPMorgan Chase & Co. (NYSE:JPM)

Armis Advisers LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,106 shares of the financial services provider's stock, valued at approximately $1,224,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The stock was 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 directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock valued at $23,991,061 over the last 90 days. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.7%

Shares of JPMorgan Chase & Co. stock traded down $1.83 on Wednesday, reaching $263.46. The company's stock had a trading volume of 5,524,614 shares, compared to its average volume of 9,561,090. The company has a market capitalization of $732.18 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 2.83 and a beta of 1.07. The firm's fifty day simple moving average is $244.84 and its two-hundred day simple moving average is $248.69. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 earnings per share. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.