Gilbert & Cook Inc. Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Gilbert & Cook Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,491 shares of the financial services provider’s stock after buying an additional 131 shares during the period. JPMorgan Chase & Co. accounts for about 0.3% of Gilbert & Cook Inc.’s holdings, making the stock its 26th largest holding. Gilbert & Cook Inc.’s holdings in JPMorgan Chase & Co. were worth $2,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Vantage Financial Partners LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $798,000. Lincoln National Corp lifted its position in JPMorgan Chase & Co. by 2.0% in the 1st quarter. Lincoln National Corp now owns 115,243 shares of the financial services provider’s stock valued at $23,083,000 after acquiring an additional 2,240 shares in the last quarter. Almanack Investment Partners LLC. lifted its position in JPMorgan Chase & Co. by 7.3% in the 1st quarter. Almanack Investment Partners LLC. now owns 4,914 shares of the financial services provider’s stock valued at $984,000 after acquiring an additional 334 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.6% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 149,169 shares of the financial services provider’s stock valued at $29,879,000 after acquiring an additional 925 shares in the last quarter. Finally, Mendel Money Management lifted its position in JPMorgan Chase & Co. by 198.4% in the 1st quarter. Mendel Money Management now owns 10,646 shares of the financial services provider’s stock valued at $2,132,000 after acquiring an additional 21,467 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The shares were 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 of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders 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. Stock Down 0.2 %

JPM stock opened at $207.43 on Friday. The company has a market cap of $595.67 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.75 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $210.38. The firm has a 50-day moving average of $199.59 and a two-hundred day moving average of $188.54.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating 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 net margin of 20.05% and a return on equity of 17.79%. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.47 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 dividend of $1.15 per share. 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 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note 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 note on Monday, April 15th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.58.

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.