JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Vectors Research Management LLC

Vectors Research Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,799 shares of the financial services provider's stock after purchasing an additional 1,133 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Vectors Research Management LLC's investment portfolio, making the stock its 18th largest position. Vectors Research Management LLC's holdings in JPMorgan Chase & Co. were worth $3,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco LLC raised its holdings in JPMorgan Chase & Co. by 3.9% during the first quarter. Invesco LLC now owns 13,179 shares of the financial services provider's stock worth $3,233,000 after purchasing an additional 498 shares during the last quarter. Navis Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 94.2% during the first quarter. Navis Wealth Advisors LLC now owns 4,652 shares of the financial services provider's stock worth $1,141,000 after purchasing an additional 2,256 shares during the last quarter. Hi Line Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 2.2% during the first quarter. Hi Line Capital Management LLC now owns 28,531 shares of the financial services provider's stock worth $6,999,000 after purchasing an additional 601 shares during the last quarter. Helen Stephens Group LLC raised its holdings in JPMorgan Chase & Co. by 1.5% during the first quarter. Helen Stephens Group LLC now owns 4,596 shares of the financial services provider's stock worth $1,127,000 after purchasing an additional 68 shares during the last quarter. Finally, Win Advisors Inc. acquired a new position in JPMorgan Chase & Co. during the first quarter worth $982,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 in the last ninety days. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JPM. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Citigroup reissued a "neutral" rating and issued a $275.00 price objective (up from $250.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 25th. Royal Bank Of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Bank of America increased their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $273.15.

JPMorgan Chase & Co. Trading Up 0.2%

Shares of NYSE:JPM traded up $0.52 during midday trading on Tuesday, reaching $290.43. The company's stock had a trading volume of 9,329,188 shares, compared to its average volume of 9,522,288. The firm has a market cap of $807.13 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $293.39. The business has a 50 day moving average price of $262.77 and a 200 day moving average price of $253.25.

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 business 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 16.88% and a net margin of 21.21%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.44 earnings per share. 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 announced 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 1.93%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.