Generali Investments Management Co LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Generali Investments Management Co LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,822 shares of the financial services provider's stock after buying an additional 4,630 shares during the quarter. JPMorgan Chase & Co. comprises 1.3% of Generali Investments Management Co LLC's holdings, making the stock its 14th largest position. Generali Investments Management Co LLC's holdings in JPMorgan Chase & Co. were worth $4,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised 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 buying an additional 876,417 shares during the last quarter. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $8,310,884,000. Northern Trust Corp raised its stake in JPMorgan Chase & Co. by 15.4% in 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 during the last quarter. GAMMA Investing LLC raised its stake in JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the last quarter. Finally, Capital Research Global Investors raised its stake 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 valued at $5,475,223,000 after buying an additional 1,914,049 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $3.86 during trading hours on Friday, reaching $265.81. The company had a trading volume of 7,734,607 shares, compared to its average volume of 9,548,769. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The firm has a market cap of $738.71 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The business's 50 day moving average price is $247.68 and its 200-day moving average price is $249.86. 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. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating 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 company 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. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Bank of America dropped their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group upped their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $267.15.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 in the last quarter. Corporate insiders own 0.47% of the company's stock.

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.