Gilman Hill Asset Management LLC Has $1.51 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)



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 firm owned 11,065 shares of the financial services provider’s stock 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 most recent quarter.

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

In related news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, April 19th. 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’s stock, valued at approximately $23,223,583.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 14th. 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 chief executive officer now directly owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

A number of research firms have issued reports on JPM. Oppenheimer upgraded JPMorgan Chase & Co. from a “market performer” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Tuesday, May 3rd. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Piper Sandler increased their target price on JPMorgan Chase & Co. from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Finally, Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $125.00 to $137.00 in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, 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 firm has a market cap 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-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $30.53 billion. During the same period in the prior year, the business earned $4.50 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

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

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

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



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