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

Gibraltar Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,711 shares of the financial services provider’s stock after purchasing an additional 2,082 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.7% of Gibraltar Capital Management Inc.’s holdings, making the stock its 16th largest holding. Gibraltar Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $32,000. HBC Financial Services PLLC grew its holdings in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Financial Connections Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JPM shares. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a report on Thursday, January 5th. Credit Suisse Group set a $150.00 target price on JPMorgan Chase & Co. in a report on Friday, January 6th. The Goldman Sachs Group reduced their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Barclays boosted their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Citigroup boosted their price target on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $143.39.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $139.49 on Friday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $169.81. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $409.15 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The business has a 50 day simple moving average of $133.81 and a 200-day simple moving average of $121.64.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period in the previous year, the business earned $3.74 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 11.69 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.78%.

Insider Activity

In other news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at approximately $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the transaction, the chief executive officer now directly owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,964 shares of company stock worth $4,936,426. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company 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.

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

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