JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,219 shares of the financial services provider’s stock after acquiring an additional 533 shares during the quarter. JPMorgan Chase & Co. makes up about 1.6% of Griffin Asset Management Inc.’s portfolio, making the stock its 11th biggest holding. Griffin Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Criterion Capital Advisors LLC grew its position in JPMorgan Chase & Co. by 3.6% in the first quarter. Criterion Capital Advisors LLC now owns 18,835 shares of the financial services provider’s stock worth $3,773,000 after acquiring an additional 663 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in JPMorgan Chase & Co. by 5.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 27,149 shares of the financial services provider’s stock valued at $5,438,000 after purchasing an additional 1,330 shares during the period. Garrison Bradford & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $200,000. Opinicus Capital Inc. grew its holdings in shares of JPMorgan Chase & Co. by 12.5% during the 1st quarter. Opinicus Capital Inc. now owns 19,068 shares of the financial services provider’s stock worth $3,819,000 after purchasing an additional 2,112 shares during the period. Finally, Trifecta Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 2.1% during the 1st quarter. Trifecta Capital Advisors LLC now owns 22,636 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on JPM shares. Morgan Stanley decreased their target price 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. Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group boosted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $205.45 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $196.91 and a 200-day simple moving average of $186.28. The stock has a market cap of $589.98 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $207.09.

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

JPMorgan Chase & Co. Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

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.