Balefire LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Balefire LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,401 shares of the financial services provider's stock after acquiring an additional 985 shares during the quarter. Balefire LLC's holdings in JPMorgan Chase & Co. were worth $1,815,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $8,310,884,000. GAMMA Investing LLC lifted its holdings in shares of JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the last quarter. Northern Trust Corp lifted its holdings in JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 34,259.3% during the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after buying an additional 3,489,314 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in JPMorgan Chase & Co. by 31.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock valued at $2,561,256,000 after buying an additional 2,551,899 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating for the company. Royal Bank Of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $274.80.

JPMorgan Chase & Co. Stock Up 0.5%

JPMorgan Chase & Co. stock traded up $1.44 during mid-day trading on Wednesday, reaching $291.85. 8,104,339 shares of the company were exchanged, compared to its average volume of 9,523,896. The business has a fifty day moving average of $263.87 and a 200 day moving average of $253.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $811.08 billion, a P/E ratio of 14.33, a PEG ratio of 2.70 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $293.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.44 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared 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 1.92%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 6,129 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was 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 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Company 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.