Stonebridge Capital Management Inc. Invests $200,000 in JPMorgan Chase & Co. (NYSE:JPM)

Stonebridge Capital Management Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 1,000 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Wealthcare Advisory Partners LLC lifted its position in JPMorgan Chase & Co. by 29.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 50,960 shares of the financial services provider’s stock valued at $10,207,000 after acquiring an additional 11,572 shares during the period. S.A. Mason LLC lifted its position in JPMorgan Chase & Co. by 3.8% during the 1st quarter. S.A. Mason LLC now owns 3,909 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 144 shares during the period. Clarity Financial LLC lifted its position in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Clarity Financial LLC now owns 6,511 shares of the financial services provider’s stock valued at $1,304,000 after acquiring an additional 212 shares during the period. DGS Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $208,000. Finally, Revolve Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 1.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 11,354 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 208 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Finally, Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.6 %

JPM stock opened at $202.34 on Friday. 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. has a twelve month low of $135.19 and a twelve month high of $205.88. The stock has a market capitalization of $581.05 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The firm’s fifty day simple moving average is $196.91 and its two-hundred day simple moving average is $185.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. 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.