Gibraltar Capital Management Inc. Sells 8,016 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Gibraltar Capital Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,820 shares of the financial services provider’s stock after selling 8,016 shares during the quarter. JPMorgan Chase & Co. comprises 3.2% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Gibraltar Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC increased its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $40,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $40,000. Finally, Rakuten Securities Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of NYSE:JPM opened at $191.96 on Tuesday. The business’s 50-day moving average is $191.58 and its 200 day moving average is $172.82. JPMorgan Chase & Co. has a 1 year low of $133.13 and a 1 year high of $200.94. The firm has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, research analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight 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 stock has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the sale, the insider now owns 202,093 shares in the company, valued at approximately $36,174,647. The disclosure for this sale can be found here. Insiders have sold 1,042,525 shares of company stock valued at $190,961,526 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

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.