Voleon Capital Management LP Purchases New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Voleon Capital Management LP bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 75,087 shares of the financial services provider's stock, valued at approximately $17,999,000. JPMorgan Chase & Co. makes up approximately 1.3% of Voleon Capital Management LP's investment portfolio, making the stock its 10th largest holding.

Several other large investors have also made changes to their positions in JPM. Evergreen Wealth Solutions LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.5% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 6,229 shares of the financial services provider's stock valued at $1,493,000 after buying an additional 269 shares during the last quarter. Owen LaRue LLC increased its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Owen LaRue LLC now owns 36,150 shares of the financial services provider's stock valued at $8,666,000 after acquiring an additional 116 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of JPMorgan Chase & Co. by 3.9% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 72,521 shares of the financial services provider's stock worth $17,384,000 after purchasing an additional 2,718 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 16.5% during the fourth quarter. AQR Capital Management LLC now owns 911,026 shares of the financial services provider's stock valued at $218,382,000 after purchasing an additional 128,884 shares during the last quarter. Finally, Global Frontier Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $90,850,000. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock worth $19,149,144 in the last ninety days. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a research report on Monday, April 14th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Finally, Barclays lifted 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 report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Stock Up 2.3 %

NYSE:JPM traded up $5.67 on Friday, hitting $252.56. 7,163,689 shares of the company's stock were exchanged, compared to its average volume of 9,657,095. The firm has a 50-day moving average price of $239.07 and a 200-day moving average price of $244.37. JPMorgan Chase & Co. has a 52 week low of $188.46 and a 52 week high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $702.87 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date 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 (DPR) 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.