Consolidated Capital Management LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Consolidated Capital Management LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 21,083 shares of the financial services provider's stock, valued at approximately $5,172,000. JPMorgan Chase & Co. comprises about 2.1% of Consolidated Capital Management LLC's portfolio, making the stock its 18th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $33,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was 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 owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This represents a 9.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Wells Fargo & Company reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Monday, July 7th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $284.42.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $1.74 during mid-day trading on Monday, reaching $288.60. The company had a trading volume of 9,035,011 shares, compared to its average volume of 10,250,949. 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 $802.06 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.62 and a beta of 1.10. The business's 50-day simple moving average is $270.98 and its 200 day simple moving average is $256.48. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40.

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 (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company 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 16.88% and a net margin of 21.21%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.44 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. 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 1.94%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

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.