7,344 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Garrison Point Advisors LLC

Garrison Point Advisors LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,344 shares of the financial services provider’s stock, valued at approximately $717,000.

Several other institutional investors have also modified their holdings of JPM. TRUE Private Wealth Advisors raised its stake in JPMorgan Chase & Co. by 5.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock worth $2,223,000 after acquiring an additional 1,269 shares during the period. MinichMacGregor Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 2,115.6% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock worth $3,388,000 after acquiring an additional 33,870 shares during the period. Meridian Financial Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $237,000. CMH Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1,066.8% in the fourth quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock worth $2,447,000 after purchasing an additional 22,915 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock worth $2,517,000 after buying an additional 350 shares during the period. Institutional investors own 71.39% of the company’s stock.

In related news, Director Mellody L. Hobson purchased 1,700 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were acquired at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the transaction, the director now owns 7,485 shares of the company’s stock, valued at $855,236.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 18,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $111.02 per share, for a total transaction of $1,998,360.00. Following the completion of the transaction, the director now owns 5,785 shares in the company, valued at $642,250.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is currently owned by company insiders.

JPM traded up $1.88 on Monday, reaching $113.68. The company’s stock had a trading volume of 12,714,158 shares, compared to its average volume of 12,802,955. The firm has a market cap of $369.55 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average of $109.77.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter in the prior year, the business posted $2.37 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 10.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

A number of analysts have recently issued reports on JPM shares. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. HSBC set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Credit Suisse Group boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $123.85.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

See Also: Systematic Risk

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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