Lansforsakringar Fondforvaltning AB publ Purchases Shares of 982,594 JPMorgan Chase & Co. (NYSE:JPM)

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 982,594 shares of the financial services provider's stock, valued at approximately $235,538,000. JPMorgan Chase & Co. accounts for approximately 2.8% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 7th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Silver Oak Wealth Advisors Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $125,000. Northstar Financial Companies Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $743,000. Centaurus Financial Inc. lifted its position in JPMorgan Chase & Co. by 19.3% during the fourth quarter. Centaurus Financial Inc. now owns 50,019 shares of the financial services provider's stock worth $11,990,000 after purchasing an additional 8,107 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $717,000. Finally, Campbell Deegan Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $214,000. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. TD Securities boosted their price target on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $266.65.

Insider Buying and Selling

In related news, 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 transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. The trade was a 7.84% 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, insider Robin Leopold sold 1,250 shares of the company's 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 in the last three months. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.2%

NYSE JPM traded down $0.40 during trading hours on Friday, reaching $263.97. The company's stock had a trading volume of 10,976,614 shares, compared to its average volume of 10,560,206. The firm has a fifty day simple moving average of $245.60 and a 200-day simple moving average of $248.96. 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. has a 52 week low of $190.88 and a 52 week high of $280.25. The stock has a market cap of $733.60 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued 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 2.12%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.