Alamar Capital Management LLC Makes New $218,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Alamar Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,280 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently bought and sold shares of JPM. Fisher Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider’s stock valued at $2,013,457,000 after purchasing an additional 450,098 shares during the last quarter. Gerber LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $844,000. True Vision MN LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $568,000. Greenwood Capital Associates LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. Greenwood Capital Associates LLC now owns 61,246 shares of the financial services provider’s stock valued at $10,418,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Slagle Financial LLC lifted its holdings in shares of JPMorgan Chase & Co. by 96.2% in the 4th quarter. Slagle Financial LLC now owns 50,178 shares of the financial services provider’s stock valued at $8,535,000 after purchasing an additional 24,608 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders sold a total of 254,485 shares of company stock worth $47,728,528 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on JPM shares. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $193.78 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $205.88. The firm has a market cap of $556.47 billion, a PE ratio of 11.70, a P/E/G ratio of 2.61 and a beta of 1.12. The business’s fifty day moving average is $194.90 and its two-hundred day moving average is $183.47. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Analysts anticipate that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.