Rothschild Capital Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,243 shares of the financial services provider's stock after purchasing an additional 5,313 shares during the quarter. JPMorgan Chase & Co. comprises about 6.4% of Rothschild Capital Partners LLC's holdings, making the stock its 3rd biggest holding. Rothschild Capital Partners LLC's holdings in JPMorgan Chase & Co. were worth $26,426,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after acquiring an additional 876,417 shares in the last quarter. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $8,310,884,000. Capital Research Global Investors raised its holdings in 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 valued at $5,475,223,000 after acquiring an additional 1,914,049 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock valued at $4,818,905,000 after acquiring an additional 71,122 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider's stock valued at $4,171,298,000 after acquiring an additional 617,164 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,545 shares of company stock worth $19,149,144 in the last quarter. 0.47% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on JPM shares. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price objective on shares of 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 price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average price target of $255.67.
Read Our Latest Analysis on JPM
JPMorgan Chase & Co. Price Performance
Shares of JPM stock traded up $0.46 during trading hours on Tuesday, hitting $243.68. The company's stock had a trading volume of 3,455,823 shares, compared to its average volume of 11,277,558. The business has a fifty day moving average of $240.18 and a 200-day moving average of $244.18. The stock has a market cap of $678.17 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the business earned $4.44 earnings per share. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently declared 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. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.
About JPMorgan Chase & Co.
(
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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