Highview Capital Management LLC DE Buys 1,893 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Highview Capital Management LLC DE lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,623 shares of the financial services provider's stock after acquiring an additional 1,893 shares during the quarter. JPMorgan Chase & Co. makes up 1.3% of Highview Capital Management LLC DE's holdings, making the stock its 24th biggest holding. Highview Capital Management LLC DE's holdings in JPMorgan Chase & Co. were worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in JPMorgan Chase & Co. by 1.3% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 7,540 shares of the financial services provider's stock worth $1,807,000 after purchasing an additional 95 shares in the last quarter. Partners Capital Investment Group LLP bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $5,042,000. KLCM Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 5.4% in the fourth quarter. KLCM Advisors Inc. now owns 14,623 shares of the financial services provider's stock worth $3,505,000 after purchasing an additional 754 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1,051.6% in the fourth quarter. Catalyst Capital Advisors LLC now owns 1,451 shares of the financial services provider's stock worth $348,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Total Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 5.5% in the fourth quarter. Total Investment Management Inc. now owns 3,923 shares of the financial services provider's stock worth $940,000 after purchasing an additional 203 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Bank of America lowered their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday. TD Securities boosted their price objective on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, TD Cowen began coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $266.20.

JPMorgan Chase & Co. Stock Down 1.7%

Shares of NYSE:JPM opened at $261.09 on Thursday. The company has a market capitalization of $725.60 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business has a fifty day moving average price of $242.84 and a two-hundred day moving average price of $247.77. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm 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 business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.44 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.14%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction 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 owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is owned by company insiders.

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.

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