Pennington Partners & CO. LLC Buys New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Pennington Partners & CO. LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,572 shares of the financial services provider's stock, valued at approximately $1,096,000. JPMorgan Chase & Co. makes up about 0.5% of Pennington Partners & CO. LLC's holdings, making the stock its 21st biggest holding.

A number of other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after acquiring an additional 182,648 shares during the last quarter. Invst LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock valued at $3,170,000 after purchasing an additional 204 shares during the last quarter. Passumpsic Savings Bank grew its holdings in shares of JPMorgan Chase & Co. by 15.1% during the 3rd quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock worth $2,267,000 after purchasing an additional 1,407 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of JPMorgan Chase & Co. by 1.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock worth $4,445,000 after purchasing an additional 311 shares during the last quarter. Finally, Morse Asset Management Inc raised its holdings in JPMorgan Chase & Co. by 234.4% in the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock valued at $1,524,000 after buying an additional 5,065 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Evercore ISI cut their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $255.67.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,545 shares of company stock valued at $19,149,144. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $5.67 during trading hours on Friday, hitting $252.56. 7,163,689 shares of the stock were exchanged, compared to its average volume of 9,660,001. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $702.87 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12-month low of $189.82 and a 12-month high of $280.25. The stock has a 50-day moving average of $238.97 and a 200 day moving average of $244.72.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period last year, the firm earned $4.44 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 27.49%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.