Aspire Growth Partners LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Aspire Growth Partners LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,967 shares of the financial services provider's stock, valued at approximately $2,414,000. JPMorgan Chase & Co. accounts for about 2.4% of Aspire Growth Partners LLC's holdings, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after purchasing an additional 876,417 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $8,310,884,000. Northern Trust Corp grew its stake in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares during the period. Capital Research Global Investors raised its position in JPMorgan Chase & Co. by 9.1% in the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after acquiring an additional 1,914,049 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock valued at $4,818,905,000 after purchasing an additional 71,122 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. 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 transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock valued at $19,149,144 over the last three months. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 2.3 %

NYSE:JPM traded up $5.67 during mid-day trading on Friday, hitting $252.56. 7,163,689 shares of the company's stock were exchanged, compared to its average volume of 9,660,001. JPMorgan Chase & Co. has a fifty-two week low of $189.82 and a fifty-two week high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $702.87 billion, a P/E ratio of 12.79, a PEG ratio of 2.83 and a beta of 1.01. The company has a 50 day simple moving average of $238.97 and a 200-day simple moving average of $244.86.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Friday, April 4th were paid a $1.40 dividend. The ex-dividend date was Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.22%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JPM. Evercore ISI cut their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Company 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.