JPMorgan Chase & Co. (NYSE:JPM) Stock Position Boosted by AQR Capital Management LLC

AQR Capital Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 911,026 shares of the financial services provider's stock after buying an additional 128,884 shares during the quarter. AQR Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $218,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Frontier Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $90,850,000. Capstone Financial Advisors Inc. lifted its position in JPMorgan Chase & Co. by 1.3% during the fourth quarter. Capstone Financial Advisors Inc. now owns 54,957 shares of the financial services provider's stock valued at $13,174,000 after buying an additional 729 shares in the last quarter. Northern Trust Corp lifted its position in JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. Bellwether Advisors LLC grew its stake in JPMorgan Chase & Co. by 8.5% during the fourth quarter. Bellwether Advisors LLC now owns 1,123 shares of the financial services provider's stock worth $269,000 after buying an additional 88 shares during the period. Finally, Parkshore Wealth Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $273,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM traded up $5.67 during trading hours on Friday, hitting $252.56. 7,161,396 shares of the stock were exchanged, compared to its average volume of 9,644,518. The stock 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. The stock has a 50-day simple moving average of $239.07 and a 200-day simple moving average of $244.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the firm posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Finally, Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $255.67.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is currently owned by insiders.

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.