Chris Bulman Inc Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Chris Bulman Inc boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 938 shares of the financial services provider’s stock after purchasing an additional 68 shares during the quarter. Chris Bulman Inc’s holdings in JPMorgan Chase & Co. were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Magnolia Private Wealth LLC grew its stake in JPMorgan Chase & Co. by 13.2% in the 1st quarter. Magnolia Private Wealth LLC now owns 3,102 shares of the financial services provider’s stock worth $761,000 after buying an additional 361 shares in the last quarter. Capital Advisory Group Advisory Services LLC grew its stake in shares of JPMorgan Chase & Co. by 2.5% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 6,332 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 152 shares during the last quarter. Investment Partners Asset Management Inc. grew its position in JPMorgan Chase & Co. by 1.9% during the 1st quarter. Investment Partners Asset Management Inc. now owns 5,642 shares of the financial services provider’s stock worth $1,384,000 after acquiring an additional 104 shares during the last quarter. Trinity Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Trinity Financial Advisors LLC now owns 20,083 shares of the financial services provider’s stock worth $4,926,000 after purchasing an additional 842 shares during the last quarter. Finally, Transform Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. Transform Wealth LLC now owns 110,301 shares of the financial services provider’s stock valued at $27,057,000 after acquiring an additional 1,288 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JPM shares. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Bank of America lowered their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective for the company. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 20th. Finally, KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $269.65.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the 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 now directly owns 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,722 shares of company stock valued at $25,599,477. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $268.05 on Friday. The business has a 50-day simple moving average of $251.13 and a two-hundred day simple moving average of $250.46. The stock has a market cap of $744.94 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.09%. JPMorgan Chase & Co.’s payout ratio is 27.49%.

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.