JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Udine Wealth Management Inc.

Udine Wealth Management Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,794 shares of the financial services provider’s stock after purchasing an additional 1,771 shares during the quarter. JPMorgan Chase & Co. comprises about 5.4% of Udine Wealth Management Inc.’s holdings, making the stock its 8th largest holding. Udine Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $8,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after acquiring an additional 876,417 shares during the period. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $8,310,884,000. Northern Trust Corp grew its position in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock worth $8,113,147,000 after acquiring an additional 4,515,147 shares during the period. GAMMA Investing LLC grew its position in JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors grew its position in JPMorgan Chase & Co. by 9.1% in the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider’s stock worth $5,475,223,000 after acquiring an additional 1,914,049 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.5%

NYSE:JPM opened at $265.81 on Friday. The firm has a market cap of $738.71 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The stock has a fifty day moving average price of $247.68 and a 200 day moving average price of $249.86. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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 analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the firm earned $4.44 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock worth $25,599,477 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 20th. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. Finally, Morgan Stanley restated an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $267.15.

JPMorgan Chase & Co. Profile

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.