Armis Advisers LLC Buys New Stake in JPMorgan Chase & Co. (NYSE:JPM)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Chokshi & Queen Wealth Advisors Inc bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $215,000. Garde Capital Inc. lifted its position in shares of JPMorgan Chase & Co. by 38.7% during the fourth quarter. Garde Capital Inc. now owns 5,028 shares of the financial services provider's stock worth $1,205,000 after acquiring an additional 1,402 shares in the last quarter. Pullen Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 4.9% during the fourth quarter. Pullen Investment Management LLC now owns 3,057 shares of the financial services provider's stock worth $733,000 after acquiring an additional 144 shares in the last quarter. Instrumental Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 21.2% in the fourth quarter. Instrumental Wealth LLC now owns 1,376 shares of the financial services provider's stock worth $364,000 after acquiring an additional 241 shares during the period. Finally, Wilkins Miller Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,370,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.7%

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

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

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JPM. Royal Bank of Canada reaffirmed an "outperform" rating and set a $285.00 target price (up previously from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. TD Securities boosted their price objective on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $266.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the company's 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 in the company, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This trade represents a 15.78% 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. Insiders own 0.47% of the company's stock.

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.