Integrated Wealth Concepts LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,549 shares of the financial services provider's stock after purchasing an additional 15,079 shares during the period. Integrated Wealth Concepts LLC's holdings in JPMorgan Chase & Co. were worth $38,725,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $8,310,884,000. Proficio Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 34,259.3% in the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock worth $838,865,000 after acquiring an additional 3,489,314 shares in the last quarter. APG Asset Management N.V. lifted its holdings in JPMorgan Chase & Co. by 457.7% during the fourth quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider's stock valued at $630,925,000 after purchasing an additional 2,236,740 shares in the last quarter. Capital Research Global Investors increased its stake in shares of 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 worth $5,475,223,000 after purchasing an additional 1,914,049 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $259,038,000. 71.55% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.47% of the company's stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock traded down $2.29 during mid-day trading on Monday, reaching $241.26. 3,163,107 shares of the company were exchanged, compared to its average volume of 9,606,369. The firm's 50-day simple moving average is $240.91 and its two-hundred day simple moving average is $244.04. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25. The firm has a market cap of $671.43 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the prior year, the company posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.32%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Bank of America lowered their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average price target of $255.67.
Read Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
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Free Report)
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.
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