JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by HWG Holdings LP

HWG Holdings LP lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,367 shares of the financial services provider's stock after buying an additional 2,251 shares during the quarter. JPMorgan Chase & Co. comprises 2.2% of HWG Holdings LP's portfolio, making the stock its 13th largest position. HWG Holdings LP's holdings in JPMorgan Chase & Co. were worth $6,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the company's 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 $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.2%

Shares of JPM traded up $0.46 during mid-day trading on Thursday, hitting $263.95. 2,464,454 shares of the company traded hands, compared to its average volume of 9,543,710. 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 1-year low of $190.88 and a 1-year high of $280.25. The company has a market capitalization of $733.53 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business has a 50 day moving average of $245.28 and a 200 day moving average of $248.79.

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 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 business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the business posted $4.44 EPS. The company's revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several analysts have recently commented on JPM shares. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. UBS Group boosted their price objective 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. Robert W. Baird increased their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and set a $285.00 target price (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, TD Securities upped their price target on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Company 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.