1,675 Shares in JPMorgan Chase & Co. $JPM Purchased by Cache Advisors LLC

Cache Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, HoldingsChannel reports. The firm purchased 1,675 shares of the financial services provider’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.3% in the first quarter. Richards Merrill & Peterson Inc. now owns 15,730 shares of the financial services provider’s stock valued at $4,627,000 after buying an additional 354 shares during the last quarter. New Covenant Trust Company N.A. increased its holdings in shares of JPMorgan Chase & Co. by 6.8% during the 1st quarter. New Covenant Trust Company N.A. now owns 5,535 shares of the financial services provider’s stock worth $1,628,000 after acquiring an additional 351 shares during the last quarter. Amarillo National Bank increased its holdings in shares of JPMorgan Chase & Co. by 3.8% during the 1st quarter. Amarillo National Bank now owns 29,568 shares of the financial services provider’s stock worth $8,698,000 after acquiring an additional 1,082 shares during the last quarter. Vermillion Wealth Management Inc. raised its stake in JPMorgan Chase & Co. by 23.4% in the 1st quarter. Vermillion Wealth Management Inc. now owns 997 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 189 shares during the period. Finally, Mainstream Capital Management LLC raised its stake in JPMorgan Chase & Co. by 1.3% in the 1st quarter. Mainstream Capital Management LLC now owns 8,755 shares of the financial services provider’s stock valued at $2,575,000 after acquiring an additional 114 shares during the period. Institutional investors own 71.55% of the company’s stock.

Key Headlines Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan cleared the Federal Reserve’s annual stress test, reinforcing that the bank is well capitalized and can withstand a severe downturn. That result supports higher payouts and helps confirm the firm’s balance-sheet strength. Article Title
• Positive Sentiment: The board approved a 10% dividend increase and a new $50 billion share buyback, which is a strong signal of confidence in earnings power and capital generation. Article Title
• Positive Sentiment: The stock recently hit an all-time high as investors reacted favorably to the dividend boost, buyback authorization, and ongoing confidence in JPMorgan’s earnings and capital return profile. Article Title

Analyst Ratings Changes

A number of equities analysts have commented on JPM shares. HSBC lifted their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Argus increased their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group set a $361.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, April 14th. Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $339.58.

JPMorgan Chase & Co. Stock Down 1.9%

Shares of NYSE JPM opened at $328.73 on Friday. The company has a market cap of $880.83 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.56 and a beta of 1.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average price of $311.44 and a two-hundred day moving average price of $308.42. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $343.45.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same quarter last year, the business posted $5.07 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 22.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, July 6th. This represents a $6.00 annualized dividend and a yield of 1.8%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.74%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 5,611 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total value of $1,720,052.05. Following the sale, the chief financial officer directly owned 35,460 shares in the company, valued at $10,870,263. This represents a 13.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. This represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 33,623 shares of company stock worth $10,427,835. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.