5,034 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by May Hill Capital LLC

May Hill Capital LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,034 shares of the financial services provider’s stock, valued at approximately $1,207,000.

A number of other hedge funds have also recently modified their holdings of the business. Centric Wealth Management boosted its holdings in JPMorgan Chase & Co. by 83.2% during the 4th quarter. Centric Wealth Management now owns 13,113 shares of the financial services provider’s stock valued at $3,143,000 after acquiring an additional 5,954 shares during the period. Lokken Investment Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.9% during the fourth quarter. Lokken Investment Group LLC now owns 1,727 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 48 shares during the period. OLD Mission Capital LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $225,000. Geode Capital Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after buying an additional 876,417 shares during the period. Finally, Nemes Rush Group LLC boosted its position in JPMorgan Chase & Co. by 2.3% in the 4th quarter. Nemes Rush Group LLC now owns 126,045 shares of the financial services provider’s stock valued at $30,214,000 after buying an additional 2,839 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at $32,947,774.62. This trade represents a 15.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,848 shares of company stock valued at $19,987,908. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 8.1 %

JPMorgan Chase & Co. stock opened at $210.09 on Friday. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The business has a fifty day moving average price of $254.71 and a 200-day moving average price of $241.29. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $587.43 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.83.

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.