Brucke Financial Inc. Acquires Shares of 7,158 JPMorgan Chase & Co. (NYSE:JPM)

Brucke Financial Inc. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,158 shares of the financial services provider's stock, valued at approximately $1,716,000. JPMorgan Chase & Co. comprises 1.5% of Brucke Financial Inc.'s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.2%

NYSE JPM traded up $0.48 on Thursday, reaching $263.97. The company had a trading volume of 2,587,644 shares, compared to its average volume of 9,544,473. The stock's 50 day moving average is $245.28 and its 200-day moving average is $248.79. The stock has a market cap of $733.59 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 2.83 and a beta of 1.07. 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. has a 52 week low of $190.88 and a 52 week high of $280.25.

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 EPS 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 the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.44 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating for the company. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, TD Securities raised their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, 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 value of $1,755,811.68. Following the completion of the transaction, the general counsel now directly owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the transaction, the director now directly owns 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. Company 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.