MAS Advisors LLC Purchases Shares of 1,011 JPMorgan Chase & Co. (NYSE:JPM)

MAS Advisors LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,011 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds have also made changes to their positions in the stock. Trustmark National Bank Trust Department increased its holdings in shares of JPMorgan Chase & Co. by 22.4% during the first quarter. Trustmark National Bank Trust Department now owns 28,101 shares of the financial services provider’s stock worth $5,629,000 after buying an additional 5,136 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 4.8% during the 1st quarter. Beaumont Financial Advisors LLC now owns 20,293 shares of the financial services provider’s stock worth $4,065,000 after acquiring an additional 931 shares during the period. Cynosure Group LLC boosted its position in shares of JPMorgan Chase & Co. by 54.6% during the first quarter. Cynosure Group LLC now owns 16,151 shares of the financial services provider’s stock worth $3,235,000 after purchasing an additional 5,702 shares in the last quarter. ESL Trust Services LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth $230,000. Finally, Capital Wealth Alliance LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth $212,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction on Monday, May 6th. The shares were 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 directly owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction 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 sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $0.10 on Wednesday, reaching $210.43. 3,010,740 shares of the stock were exchanged, compared to its average volume of 9,238,907. The firm has a market cap of $604.29 billion, a PE ratio of 11.78, a P/E/G ratio of 2.47 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The firm’s 50 day moving average is $201.98 and its 200-day moving average is $191.08. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the prior year, the firm earned $4.37 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JPM shares. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.89.

JPMorgan Chase & Co. 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.