Buckhead Capital Management LLC Has $5.05 Million Stock Position in JPMorgan Chase & Co. $JPM

Buckhead Capital Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,665 shares of the financial services provider’s stock after selling 1,805 shares during the quarter. JPMorgan Chase & Co. comprises 1.8% of Buckhead Capital Management LLC’s holdings, making the stock its 11th biggest position. Buckhead Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Turning Point Benefit Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth $35,000. Merrithew & Thorsten Inc bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $40,000. WHI TRUST Co LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $45,000. Cresta Advisors Ltd. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $48,000. Finally, Miller Global Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $52,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Key Headlines Impacting JPMorgan Chase & Co.

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JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $296.84 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $260.31 and a 12-month high of $337.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $302.65 and its two-hundred day moving average price is $306.58. The stock has a market cap of $795.38 billion, a PE ratio of 14.22, a P/E/G ratio of 1.46 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $5.50 by $0.44. The company had revenue of $50.54 billion for the quarter, compared to analysts’ expectations of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.07 earnings per share. As a group, analysts expect that JPMorgan Chase & Co. will post 22.4 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 Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is 28.74%.

Analysts Set New Price Targets

JPM has been the topic of a number of recent analyst reports. Argus raised their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group set a $361.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, April 14th. Jefferies Financial Group restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, February 24th. Finally, Robert W. Baird set a $295.00 price target on JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

Get Our Latest Research Report on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the transaction, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total value of $127,760.98. Following the completion of the transaction, the insider directly owned 64,920 shares in the company, valued at approximately $19,155,295.20. This represents a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 28,589 shares of company stock valued at $8,747,496. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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