JPMorgan Chase & Co. (NYSE:JPM) is Criterion Capital Advisors LLC’s 7th Largest Position

Criterion Capital Advisors LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 18,835 shares of the financial services provider’s stock after buying an additional 663 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.5% of Criterion Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Criterion Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,773,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ellerson Group Inc. ADV lifted its holdings in JPMorgan Chase & Co. by 3.7% during the third quarter. Ellerson Group Inc. ADV now owns 13,413 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 480 shares during the last quarter. Elevatus Welath Management purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $217,000. Lakeshore Financial Planning Inc. bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth $1,574,000. Lake Street Advisors Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% in the third quarter. Lake Street Advisors Group LLC now owns 29,329 shares of the financial services provider’s stock worth $4,253,000 after buying an additional 445 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its stake in JPMorgan Chase & Co. by 0.8% during the third quarter. Key Client Fiduciary Advisors LLC now owns 8,674 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 73 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.6 %

NYSE:JPM opened at $205.45 on Tuesday. The firm has a market capitalization of $589.98 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.72 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average of $196.91 and a 200 day moving average of $186.28. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $207.09.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, research analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Evercore ISI upped their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Finally, BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.10.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,565 shares of company stock valued at $46,962,717. Company insiders own 0.79% of the company’s stock.

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.