Alpha DNA Investment Management LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Alpha DNA Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.0% in the first quarter, Holdings Channel.com reports. The firm owned 762 shares of the financial services provider’s stock after acquiring an additional 189 shares during the period. Alpha DNA Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cypress Point Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $25,000. Inspire Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $27,000. Tower View Investment Management & Research LLC grew its holdings in JPMorgan Chase & Co. by 71.8% during the 1st quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Retirement Group LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $29,000. Finally, Intelligence Driven Advisers LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $200,000. 70.56% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Marianne Lake sold 13,047 shares of the business’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $150.90, for a total transaction of $1,968,792.30. Also, insider Ashley Bacon sold 11,930 shares of the stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $150.91, for a total value of $1,800,356.30. Over the last quarter, insiders have sold 61,130 shares of company stock valued at $9,224,636. 0.79% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on JPM shares. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $157.00 to $177.00 and gave the company a “buy” rating in a research report on Friday, April 9th. Atlantic Securities reiterated a “neutral” rating and set a $150.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, May 3rd. DZ Bank reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, April 6th. Deutsche Bank Aktiengesellschaft increased their price objective on JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. Finally, Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $151.79.

Shares of NYSE:JPM opened at $160.40 on Friday. JPMorgan Chase & Co. has a one year low of $90.78 and a one year high of $167.44. The firm’s fifty day moving average is $158.15. The firm has a market cap of $485.55 billion, a P/E ratio of 12.74, a PEG ratio of 2.48 and a beta of 1.21. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.10 by $1.40. The company had revenue of $32.30 billion during the quarter, compared to analyst estimates of $29.97 billion. JPMorgan Chase & Co. had a return on equity of 16.66% and a net margin of 31.15%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 13.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Investors of record on Tuesday, July 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is 40.54%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products 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.

Featured Article: How do CD ladders protect against rising interest rates?

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).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.