JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 42,181 shares of the financial services provider’s stock after purchasing an additional 1,042 shares during the period. JPMorgan Chase & Co. makes up approximately 2.4% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Gibraltar Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Gryphon Financial Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 14.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 15,240 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 1,935 shares during the period. TCW Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.9% in the 4th quarter. TCW Group Inc. now owns 595,230 shares of the financial services provider’s stock valued at $94,254,000 after acquiring an additional 16,884 shares during the period. Comprehensive Financial Consultants Institutional Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at $3,257,000. Northstar Group Inc. grew its position in JPMorgan Chase & Co. by 2.6% in the 4th quarter. Northstar Group Inc. now owns 4,070 shares of the financial services provider’s stock valued at $644,000 after buying an additional 105 shares during the last quarter. Finally, First American Trust FSB grew its position in JPMorgan Chase & Co. by 3.0% in the 4th quarter. First American Trust FSB now owns 94,194 shares of the financial services provider’s stock valued at $14,915,000 after buying an additional 2,712 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the business’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

A number of equities analysts recently weighed in on JPM shares. Royal Bank of Canada set a $175.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $161.00 to $152.00 and set an “underweight” rating on the stock in a research report on Thursday, May 19th. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price objective on the stock in a research report on Tuesday, May 3rd. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a research report on Tuesday, May 24th. Finally, Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.83.

JPMorgan Chase & Co. stock opened at $115.18 on Thursday. JPMorgan Chase & Co. has a 52 week low of $111.87 and a 52 week high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $123.36 and its 200 day simple moving average is $139.80. The firm has a market capitalization of $338.29 billion, a PE ratio of 8.54, a P/E/G ratio of 2.01 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. During the same quarter in the prior year, the firm earned $4.50 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.47%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.