Stratos Investment Management LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Stratos Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,872 shares of the financial services provider's stock after acquiring an additional 7,024 shares during the quarter. Stratos Investment Management LLC's holdings in JPMorgan Chase & Co. were worth $12,970,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JPM. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $29,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth $33,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $37,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. HSBC reaffirmed a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $284.42.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $288.60 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The stock has a 50 day moving average of $271.71 and a two-hundred day moving average of $256.81. The stock has a market cap of $802.06 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.44 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 6,608 shares of the firm'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 transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer owned 68,583 shares of the company's stock, valued at $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by insiders.

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.

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