GAMMA Investing LLC Makes New $9.02 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

GAMMA Investing LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 51,737 shares of the financial services provider’s stock, valued at approximately $9,021,000. JPMorgan Chase & Co. accounts for about 2.4% of GAMMA Investing LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $1,017,893,000. Wellington Management Group LLP grew its position in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $253,076,000. Cerity Partners LLC grew its position in shares of JPMorgan Chase & Co. by 155.2% during the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after acquiring an additional 1,366,360 shares during the period. Finally, Comerica Bank grew its position in shares of JPMorgan Chase & Co. by 3,025.7% during the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after acquiring an additional 1,226,905 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JPM shares. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. UBS Group lowered their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Trading Down 0.1 %

JPM opened at $193.30 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The company’s 50 day simple moving average is $190.64 and its two-hundred day simple moving average is $171.25. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The firm has a market capitalization of $555.17 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.