JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Orion Capital Management LLC

Orion Capital Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,789 shares of the financial services provider’s stock after buying an additional 75 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Orion Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Orion Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Concord Wealth Partners lifted its stake in JPMorgan Chase & Co. by 12.6% in the 4th quarter. Concord Wealth Partners now owns 21,869 shares of the financial services provider’s stock valued at $3,720,000 after buying an additional 2,455 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $49,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 20,255 shares of the financial services provider’s stock valued at $3,445,000 after acquiring an additional 144 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 9.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,003,422 shares of the financial services provider’s stock valued at $510,882,000 after acquiring an additional 260,916 shares during the last quarter. Finally, Berry Wealth Group LP purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $5,091,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Buying and Selling

In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $191.80 on Wednesday. The firm has a fifty day moving average of $191.74 and a 200-day moving average of $173.16. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $550.79 billion, a P/E ratio of 11.58, a PEG ratio of 2.38 and a beta of 1.13.

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

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Company 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.