O Neil Global Advisors Inc. Makes New $1.40 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

O Neil Global Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,200 shares of the financial services provider’s stock, valued at approximately $1,395,000. JPMorgan Chase & Co. accounts for 0.8% of O Neil Global Advisors Inc.’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of JPM. Curbstone Financial Management Corp grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 60 shares during the last quarter. Grey Street Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 60 shares during the last quarter. Financial Management Network Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock worth $1,296,000 after purchasing an additional 61 shares during the last quarter. Sendero Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold 249,399 shares of company stock worth $46,713,667 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.6 %

NYSE JPM opened at $198.29 on Thursday. The firm has a market capitalization of $569.42 billion, a P/E ratio of 11.97, a PEG ratio of 1.75 and a beta of 1.13. The business has a fifty day simple moving average of $194.32 and a 200 day simple moving average of $177.52. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, analysts predict that JPMorgan Chase & Co. will post 16.31 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday. UBS Group upped their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday. Evercore ISI upped their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $194.10.

About JPMorgan Chase & Co.

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.