Topsail Wealth Management LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Topsail Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,835 shares of the financial services provider's stock, valued at approximately $1,159,000.

Several other institutional investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $29,000. Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM traded up $0.46 during trading on Tuesday, reaching $243.68. The stock had a trading volume of 3,455,823 shares, compared to its average volume of 11,277,558. JPMorgan Chase & Co. has a one year low of $188.46 and a one year high of $280.25. The company has a market capitalization of $678.17 billion, a P/E ratio of 12.34, a PEG ratio of 2.83 and a beta of 1.01. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm's 50-day simple moving average is $240.18 and its 200 day simple moving average is $244.18.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period last year, the business earned $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a report on Friday, January 3rd. StockNews.com upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Monday. Finally, Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus target price of $255.67.

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.