JPMorgan Chase & Co. (NYSE:JPM) Stock Position Boosted by Insight Inv LLC

Insight Inv LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 111.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,376 shares of the financial services provider’s stock after acquiring an additional 15,504 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.7% of Insight Inv LLC’s holdings, making the stock its 6th biggest holding. Insight Inv LLC’s holdings in JPMorgan Chase & Co. were worth $7,206,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $296.13 on Friday. The firm has a 50 day simple moving average of $266.97 and a 200-day simple moving average of $254.73. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $822.96 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the prior year, the company posted $4.44 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director owned 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Citigroup reiterated a “neutral” rating and set a $275.00 price objective (up from $250.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 25th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $277.74.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.