Leigh Baldwin & CO. LLC Invests $151.78 Million in JPMorgan Chase & Co. (NYSE:JPM)

Leigh Baldwin & CO. LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 633,199 shares of the financial services provider's stock, valued at approximately $151,784,000.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock worth $1,562,000 after purchasing an additional 148 shares during the last quarter. RMR Wealth Builders grew its holdings in shares of JPMorgan Chase & Co. by 4.4% in the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider's stock worth $7,924,000 after purchasing an additional 1,382 shares during the last quarter. Czech National Bank grew its holdings in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Czech National Bank now owns 610,723 shares of the financial services provider's stock worth $146,396,000 after purchasing an additional 31,238 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 8.6% in the fourth quarter. Aprio Wealth Management LLC now owns 15,545 shares of the financial services provider's stock worth $3,726,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JPM. Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $255.67.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $2.80 during midday trading on Wednesday, hitting $265.81. The company had a trading volume of 8,640,630 shares, compared to its average volume of 9,640,634. The stock has a market cap of $738.71 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.07. 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 fifty day simple moving average of $238.77 and a 200 day simple moving average of $246.19. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the firm posted $4.44 EPS. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.11%. 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 dividend payout ratio is 27.49%.

About JPMorgan Chase & Co.

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.