JPMorgan Chase & Co. $JPM is Tredje AP fonden's 7th Largest Position

Key Points

• Tredje AP fonden increased its JPMorgan Chase stake by 12.3% in the fourth quarter, buying 121,203 additional shares and bringing its total to 1,107,331 shares worth about $356.8 million.
• JPMorgan remains heavily owned by institutions, with hedge funds and other institutional investors holding 71.55% of the company’s stock.
• Recent company news was mixed: CEO Jamie Dimon said JPMorgan could have $10 billion to $20 billion available for a major acquisition, but he also warned the bank may be “over-earning,” raising concerns about future margin pressure.

Tredje AP fonden boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,107,331 shares of the financial services provider's stock after purchasing an additional 121,203 shares during the quarter. JPMorgan Chase & Co. makes up 2.7% of Tredje AP fonden's holdings, making the stock its 7th largest position. Tredje AP fonden's holdings in JPMorgan Chase & Co. were worth $356,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC boosted its position in JPMorgan Chase & Co. by 4.2% during the fourth quarter. Larson Financial Group LLC now owns 42,051 shares of the financial services provider's stock worth $13,550,000 after purchasing an additional 1,695 shares in the last quarter. Handelsbanken Fonder AB increased its stake in JPMorgan Chase & Co. by 8.1% during the 4th quarter. Handelsbanken Fonder AB now owns 1,893,501 shares of the financial services provider's stock worth $610,124,000 after buying an additional 141,103 shares in the last quarter. AMF Tjanstepension AB raised its holdings in shares of JPMorgan Chase & Co. by 9.7% during the fourth quarter. AMF Tjanstepension AB now owns 840,975 shares of the financial services provider's stock valued at $270,979,000 after acquiring an additional 74,114 shares during the last quarter. Paul R. Ried Financial Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 11.9% during the fourth quarter. Paul R. Ried Financial Group LLC now owns 1,225 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 130 shares during the last quarter. Finally, Hartford Funds Management Co LLC raised its holdings in shares of JPMorgan Chase & Co. by 38.1% during the fourth quarter. Hartford Funds Management Co LLC now owns 15,996 shares of the financial services provider's stock valued at $5,155,000 after acquiring an additional 4,413 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: CEO Jamie Dimon said JPMorgan Chase could have up to $10 billion to $20 billion available for a major acquisition, signaling the bank has substantial firepower and flexibility to pursue deals if the right opportunity emerges. Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: 'We are on the lookout'
• Positive Sentiment: JPMorgan Asset Management launched a new Managed Futures Plus ETF (JPFP), expanding its active ETF lineup and reinforcing the firm’s asset-management franchise. J.P. Morgan Asset Management Launches JPMorgan Managed Futures Plus ETF (JPFP) on NYSE
• Positive Sentiment: JPMorgan’s strategists said retail trading activity may rebound, which could provide a broader tailwind for U.S. stocks and trading-related revenues. Retail Revival Adds Fuel to US Stocks, JPMorgan Strategists Say
• Neutral Sentiment: The company announced a preferred stock redemption, a routine capital-management move that is generally not material on its own. JPMorganChase Announcement Concerning Preferred Stock
• Neutral Sentiment: JPMorgan also said a Bitcoin ETF outflow trend may reflect a “cooling” crypto trade, which is more of a market commentary than a direct earnings catalyst for JPM. JPMorgan Says Bitcoin ETF Outflows A Sign Of ‘Cooling’ Trade
• Negative Sentiment: Dimon also warned that JPMorgan is “over-earning” and that costs could rise, which spooked investors by suggesting margin pressure and less durable profit levels. Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: 'We are on the lookout'
• Negative Sentiment: JPMorgan is also facing headlines over a $4.25 million arbitration ruling tied to the “salami incident,” adding an unwanted legal and reputational distraction. The ‘Salami Incident' That Has JPMorgan Chase on the Hook for $4.25 Million

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $296.53 on Friday. JPMorgan Chase & Co. has a one year low of $260.31 and a one year high of $337.25. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $794.56 billion, a PE ratio of 14.20, a P/E/G ratio of 1.46 and a beta of 1.03. The stock has a 50 day moving average price of $302.25 and a 200 day moving average price of $306.84.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, beating the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion during the quarter, compared to analysts' expectations of $48.30 billion. During the same quarter last year, the firm earned $5.07 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.74%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. HSBC increased their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a "hold" rating in a report on Monday, May 4th. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. The Goldman Sachs Group set a $361.00 target price on JPMorgan Chase & Co. in a report on Tuesday, April 14th. Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. Finally, Evercore increased their target price on JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $339.08.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 433 shares of the firm's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the sale, the insider owned 64,920 shares of the company's stock, valued at $19,155,295.20. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 5,468 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the sale, the general counsel directly owned 46,428 shares of the company's stock, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,589 shares of company stock worth $8,747,496 in the last three months. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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