JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Single Point Partners LLC

Single Point Partners LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 51.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,939 shares of the financial services provider's stock after acquiring an additional 1,673 shares during the period. Single Point Partners LLC's holdings in JPMorgan Chase & Co. were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. 25 LLC raised its stake in shares of JPMorgan Chase & Co. by 13.7% in the 1st quarter. 25 LLC now owns 1,244 shares of the financial services provider's stock worth $305,000 after buying an additional 150 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in JPMorgan Chase & Co. by 0.7% during the first quarter. Abacus Planning Group Inc. now owns 21,505 shares of the financial services provider's stock worth $5,275,000 after acquiring an additional 142 shares during the period. Capital Investment Advisors LLC raised its position in JPMorgan Chase & Co. by 2.7% in the first quarter. Capital Investment Advisors LLC now owns 224,088 shares of the financial services provider's stock worth $54,969,000 after acquiring an additional 5,820 shares in the last quarter. Hickory Point Bank & Trust lifted its holdings in JPMorgan Chase & Co. by 13.6% in the 1st quarter. Hickory Point Bank & Trust now owns 5,965 shares of the financial services provider's stock valued at $1,463,000 after acquiring an additional 714 shares during the last quarter. Finally, Central Bank & Trust Co. boosted its position in shares of JPMorgan Chase & Co. by 1.6% during the 1st quarter. Central Bank & Trust Co. now owns 17,253 shares of the financial services provider's stock valued at $4,232,000 after purchasing an additional 273 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JPM shares. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group increased 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. Morgan Stanley restated an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Bank of America cut their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $265.81 on Monday. The business's 50-day moving average is $247.68 and its 200-day moving average is $249.96. 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 company has a market capitalization of $738.71 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week 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 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.44 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock worth $25,599,477 in the last ninety days. Corporate insiders own 0.47% of the company's stock.

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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