Gilman Hill Asset Management LLC holds $1.51 million stake in JPMorgan Chase & Co. (NYSE:JPM)

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Gilman Hill Asset Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.8% in the first quarter, HoldingsChannel.com reports. The company held 11,065 shares of the financial services provider after purchasing an additional 984 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,508,000 at the end of the last quarter.

A number of other large investors have also recently increased or reduced their stake in JPM. Sandbox Financial Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 4.8% in the 1st quarter. Sandbox Financial Partners LLC now owns 5,817 shares of the financial services provider worth $793,000 after buying 267 additional shares in the last quarter. Hedeker Wealth LLC increased its stake in JPMorgan Chase & Co. shares by 3.0% in the 1st quarter. Hedeker Wealth LLC now owns 38,613 shares of the financial services provider worth $5,263,000 after purchasing an additional 1,135 shares last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in JPMorgan Chase & Co. shares by 9.4% in Q1. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 56,087 shares of the financial services provider worth $7,646,000 after buying an additional 4,820 shares last quarter. Winthrop Advisory Group LLC increased its stake in JPMorgan Chase & Co. shares by 3.2% in the 1st quarter. Winthrop Advisory Group LLC now owns 10,780 shares of the financial services provider worth $1,470,000 after buying 337 additional shares last quarter. Finally, Raub Brock Capital Management LP increased its stake in JPMorgan Chase & Co. shares by 59.7% in the 1st quarter. Raub Brock Capital Management LP now owns 5,779 shares of the financial services provider worth $788,000 after buying 2,160 more shares last quarter. 70.35% of the shares are held by institutional investors and hedge funds.

In related news, Insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. in a trade dated Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares of the company, valued at approximately $23,223,583.52. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. in a trade dated Thursday, April 14. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. Insiders of the company hold 0.79% of the shares of the company.

A number of research companies have published reports on JPM. Oppenheimer upgraded JPMorgan Chase & Co. from a “market performer” rating to an “outperformer” rating and set a price target of $167.00 on the stock in a Tuesday, May 3 report. BMO Capital Markets raised its target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 report. Piper Sandler raised her price target on JPMorgan Chase & Co. from $165.00 to $170.00 and gave the stock an “overweight” rating in a Thursday, April 14 report. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its share price target from $145.00 to $150.00 in a Tuesday 24 report. may. Finally, Jefferies Financial Group raised its target price on JPMorgan Chase & Co. from $125.00 to $137.00 in a Tuesday, May 24 report. A research analyst rated the stock with a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. Based on MarketBeat data, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $161.67.

Shares of JPMorgan Chase & Co stock. opened at $117.32 on Friday. JPMorgan Chase & Co. has a 1-year low of $111.48 and a 1-year high of $172.96. The company has a market capitalization of $344.57 billion, a PE ratio of 8.70, a P/E/G ratio of 2.03 and a beta of 1.11. The stock has a fifty-day moving average price of $122.94 and a 200-day moving average price of $139.02. The company has a debt ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last announced its results on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company posted revenue of $30.72 billion for the quarter, versus $30.53 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $4.50. The company’s revenue for the quarter decreased 4.8% compared to the same quarter last year. As a group, stock analysts expect JPMorgan Chase & Co. to post 11.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. This represents an annualized dividend of $4.00 and a dividend yield of 3.41%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

About JPMorgan Chase & Co. (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet a rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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