Helium Advisors LLC Purchases New Stake in JPMorgan Chase & Co. (NYSE:JPM)

Helium Advisors LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,106 shares of the financial services provider's stock, valued at approximately $984,000. JPMorgan Chase & Co. accounts for 0.8% of Helium Advisors LLC's portfolio, making the stock its 29th largest position.

A number of other large investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $29,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $37,000. Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday. KGI Securities started coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.20.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $260.50 on Friday. The business's 50-day moving average price is $243.37 and its 200-day moving average price is $248.05. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The firm has a market capitalization of $723.95 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the firm posted $4.44 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 transaction, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 over the last ninety days. 0.47% of the stock is owned by company insiders.

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.

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