Crystal Rock Capital Management Has $6.54 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Crystal Rock Capital Management decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,298 shares of the financial services provider’s stock after selling 1,245 shares during the period. JPMorgan Chase & Co. accounts for 4.0% of Crystal Rock Capital Management’s portfolio, making the stock its 9th largest position. Crystal Rock Capital Management’s holdings in JPMorgan Chase & Co. were worth $6,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. James J. Burns & Company LLC increased its stake in shares of JPMorgan Chase & Co. by 6.3% during the third quarter. James J. Burns & Company LLC now owns 7,357 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 436 shares in the last quarter. Stoneridge Investment Partners LLC increased its position in shares of JPMorgan Chase & Co. by 37.0% during the third quarter. Stoneridge Investment Partners LLC now owns 28,965 shares of the financial services provider’s stock valued at $6,108,000 after acquiring an additional 7,819 shares in the last quarter. United Advisor Group LLC increased its position in shares of JPMorgan Chase & Co. by 27.7% during the third quarter. United Advisor Group LLC now owns 18,399 shares of the financial services provider’s stock valued at $3,880,000 after acquiring an additional 3,992 shares in the last quarter. Clarity Financial LLC increased its position in shares of JPMorgan Chase & Co. by 967.6% during the third quarter. Clarity Financial LLC now owns 69,365 shares of the financial services provider’s stock valued at $14,626,000 after acquiring an additional 62,868 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. increased its position in shares of JPMorgan Chase & Co. by 19.2% during the third quarter. W.H. Cornerstone Investments Inc. now owns 2,404 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 in the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $242.41 on Friday. The company has a market capitalization of $677.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The firm’s 50-day moving average is $259.41 and its 200 day moving average is $238.43. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $252.89.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.