Northern Trust Corp Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Northern Trust Corp raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,845,676 shares of the financial services provider's stock after purchasing an additional 4,515,147 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.1% of Northern Trust Corp's portfolio, making the stock its 10th largest position. Northern Trust Corp owned about 1.20% of JPMorgan Chase & Co. worth $8,113,147,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 8.5% during the fourth quarter. Bellwether Advisors LLC now owns 1,123 shares of the financial services provider's stock worth $269,000 after purchasing an additional 88 shares during the last quarter. Parkshore Wealth Management Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $273,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $245,000. Public Employees Retirement Association of Colorado raised its stake in shares of JPMorgan Chase & Co. by 10.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,831,468 shares of the financial services provider's stock worth $439,021,000 after purchasing an additional 166,662 shares during the period. Finally, Quarry LP purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $78,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $0.09 during mid-day trading on Wednesday, hitting $244.53. 12,972,514 shares of the stock were exchanged, compared to its average volume of 9,649,373. The business has a fifty day moving average price of $239.74 and a 200 day moving average price of $244.19. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $680.53 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $43.62 billion. During the same period in the previous year, the business posted $4.44 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $1.40 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm'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 transaction of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $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 sold 73,545 shares of company stock valued at $19,149,144. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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.