Garrison Bradford & Associates Inc. Buys Shares of 1,000 JPMorgan Chase & Co. (NYSE:JPM)

Garrison Bradford & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 1,000 shares of the financial services provider’s stock, valued at approximately $200,000. JPMorgan Chase & Co. comprises approximately 0.2% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stone House Investment Management LLC boosted its stake in shares of 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 valued at $27,000 after acquiring an additional 89 shares during the last quarter. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $36,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on JPM. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $205.45 on Tuesday. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $207.09. The stock’s fifty day moving average is $196.91 and its 200-day moving average is $186.28. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $589.98 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors 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 annualized dividend and a yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock worth $46,962,717 over the last ninety days. Company insiders own 0.79% of the company’s stock.

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.