Czech National Bank Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Czech National Bank raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 642,222 shares of the financial services provider's stock after acquiring an additional 31,499 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Czech National Bank's holdings, making the stock its 11th largest position. Czech National Bank's holdings in JPMorgan Chase & Co. were worth $157,537,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $471,000. Disciplined Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $217,000. LGT Group Foundation boosted its position in shares of JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 11.1% during the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares during the last quarter. Finally, Jag Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 10.5% during the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded up $0.46 during midday trading on Monday, reaching $264.46. 6,008,253 shares of the company traded hands, compared to its average volume of 9,550,450. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The firm has a market capitalization of $734.96 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm's fifty day moving average price is $245.86 and its two-hundred day moving average price is $249.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the company posted $4.44 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Morgan Stanley reissued an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $267.15.

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.