Freestone Capital Holdings LLC Acquires 4,296 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Freestone Capital Holdings LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 106,829 shares of the financial services provider’s stock after acquiring an additional 4,296 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of Freestone Capital Holdings LLC’s portfolio, making the stock its 19th largest position. Freestone Capital Holdings LLC’s holdings in JPMorgan Chase & Co. were worth $21,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stone House Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the period. Retirement Group LLC lifted its stake in JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at about $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at about $40,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 1.7 %

JPM stock traded up $3.57 during mid-day trading on Friday, reaching $212.24. The company had a trading volume of 8,027,787 shares, compared to its average volume of 9,013,996. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $202.39 and a two-hundred day simple moving average of $191.60. The company has a market capitalization of $609.48 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.45 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the previous year, the company posted $4.37 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.67 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 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 2.17%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $202.89.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,415 shares of the company’s 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 completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Mary E. Erdoes sold 15,895 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was 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 owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,343 shares of company stock valued at $14,137,789. Insiders own 0.79% of the company’s stock.

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.