JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by May Barnhard Investments LLC

May Barnhard Investments LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 25.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,196 shares of the financial services provider’s stock after purchasing an additional 439 shares during the period. May Barnhard Investments LLC’s holdings in JPMorgan Chase & Co. were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPM. Capital & Planning LLC boosted its stake in JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 276 shares during the period. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares during the period. Union Bancaire Privee UBP SA acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $66,088,000. Tectonic Advisors LLC boosted its stake in JPMorgan Chase & Co. by 4.4% in the fourth quarter. Tectonic Advisors LLC now owns 5,197 shares of the financial services provider’s stock valued at $1,246,000 after acquiring an additional 218 shares during the period. Finally, Choreo LLC boosted its stake in JPMorgan Chase & Co. by 5.7% in the fourth quarter. Choreo LLC now owns 175,435 shares of the financial services provider’s stock valued at $42,012,000 after acquiring an additional 9,409 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price for the company. KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a “hold” rating for the company. Morgan Stanley reiterated an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $269.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer now owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% 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, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer now directly owns 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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. Price Performance

Shares of NYSE:JPM opened at $264.72 on Friday. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $280.25. The stock has a market cap of $735.69 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. The stock’s 50 day moving average price is $252.10 and its 200 day moving average price is $250.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the previous year, the company earned $4.44 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.