Curat Global LLC Invests $33,000 in JPMorgan Chase & Co. (NYSE:JPM)

Curat Global LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 135 shares of the financial services provider’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Finally, Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JPM. Bank of America lowered their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $267.15.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares of the company’s stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last quarter. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $265.81 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $738.71 billion, a P/E ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08. The company’s fifty day moving average is $247.68 and its two-hundred day moving average is $249.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 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 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.44 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.