1,789 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by BIP Alliance LLC

BIP Alliance LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, HoldingsChannel reports. The fund bought 1,789 shares of the financial services provider’s stock, valued at approximately $429,000.

A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock valued at $938,491,000 after buying an additional 319,730 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock worth $1,562,000 after acquiring an additional 148 shares during the period. Capital & Planning LLC raised its position in JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 276 shares in the last quarter. Client 1ST Advisory Group LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $593,000. Finally, Annex Advisory Services LLC boosted its position in JPMorgan Chase & Co. by 7.7% in the 4th quarter. Annex Advisory Services LLC now owns 55,141 shares of the financial services provider’s stock worth $13,218,000 after purchasing an additional 3,927 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction on 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 directly owns 133,381 shares of the company’s stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating for the company. Finally, TD Securities increased their target price on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.20.

JPMorgan Chase & Co. Stock Down 0.2%

JPM opened at $260.50 on Friday. The company has a market cap of $723.95 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a 50-day moving average price of $243.37 and a 200 day moving average price of $248.05. 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. (NYSE:JPM) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the business earned $4.44 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

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.