Brookwood Investment Group LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Brookwood Investment Group LLC has invested approximately $1.21 million in JPMorgan Chase & Co., acquiring nearly 4,938 shares during the first quarter.
• In the most recent analysis, JPMorgan's stock has received an average rating of "Moderate Buy" with a consensus price target of $288.68.
• The company recently announced a quarterly dividend of $1.40 per share, with a dividend yield of 1.87%, scheduled for payment on July 31st.

Brookwood Investment Group LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,938 shares of the financial services provider's stock, valued at approximately $1,211,000.

Other institutional investors have also recently made changes to their positions in the company. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $33,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $37,000. Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $44,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 2.4%

JPM traded down $7.03 during trading on Friday, reaching $289.21. The company had a trading volume of 12,005,470 shares, compared to its average volume of 8,727,902. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $301.29. The stock has a market cap of $803.74 billion, a P/E ratio of 14.84, a PEG ratio of 2.00 and a beta of 1.11. The business has a 50 day simple moving average of $280.47 and a 200-day simple moving average of $261.28. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $6.12 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Wall Street Analyst Weigh In

Several research analysts recently commented on JPM shares. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research report on Friday, June 27th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director owned 91,539 shares in the company, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company's stock.

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.