JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Audent Global Asset Management LLC

Audent Global Asset Management LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 91.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,256 shares of the financial services provider's stock after purchasing an additional 5,869 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Audent Global Asset Management LLC's investment portfolio, making the stock its 19th largest holding. Audent Global Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $2,938,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake 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 valued at $14,161,171,000 after acquiring an additional 876,417 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $8,310,884,000. Northern Trust Corp boosted its position in shares of JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 9.1% during the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after buying an additional 1,914,049 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock worth $4,818,905,000 after buying an additional 71,122 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $4.41 during mid-day trading on Tuesday, hitting $265.12. 7,499,634 shares of the stock were exchanged, compared to its average volume of 9,577,226. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. 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 $736.79 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm has a fifty day moving average of $244.84 and a 200 day moving average of $248.69.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.44 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday. Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 target price (up from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. TD Securities upped their price target on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $266.65.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by corporate insiders.

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.