Great Oak Capital Partners LLC Takes $781,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Great Oak Capital Partners LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,593 shares of the financial services provider’s stock, valued at approximately $781,000. JPMorgan Chase & Co. accounts for approximately 0.4% of Great Oak Capital Partners LLC’s holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $36,000. Stuart Chaussee & Associates Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock worth $47,728,528 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $0.12 during trading hours on Friday, reaching $193.78. 6,874,029 shares of the stock were exchanged, compared to its average volume of 8,653,904. The company has a market cap of $556.47 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 2.61 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 twelve month low of $135.19 and a twelve month high of $205.88. The stock has a 50 day moving average of $194.90 and a two-hundred day moving average of $183.26.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 firm had revenue of $41.93 billion for 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%. Equities analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.37%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Oppenheimer dropped their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $194.10.

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.