Quantinno Capital Management LP Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Quantinno Capital Management LP increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 333,243 shares of the financial services provider's stock after acquiring an additional 72,956 shares during the period. JPMorgan Chase & Co. comprises 0.8% of Quantinno Capital Management LP's portfolio, making the stock its 11th biggest position. Quantinno Capital Management LP's holdings in JPMorgan Chase & Co. were worth $79,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mufg Securities Americas Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $11,181,000. Nissay Asset Management Corp Japan ADV raised its position in JPMorgan Chase & Co. by 8.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 564,729 shares of the financial services provider's stock valued at $136,196,000 after purchasing an additional 44,993 shares in the last quarter. Nearwater Capital Markets Ltd bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $82,940,000. NorthRock Partners LLC raised its position in JPMorgan Chase & Co. by 96.5% during the 4th quarter. NorthRock Partners LLC now owns 53,354 shares of the financial services provider's stock valued at $12,789,000 after purchasing an additional 26,201 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $320,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 0.1%

NYSE:JPM traded up $0.16 during mid-day trading on Friday, hitting $267.65. 8,920,049 shares of the company's stock traded hands, compared to its average volume of 9,645,890. The company has a fifty day moving average of $239.95 and a 200 day moving average of $246.62. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a market capitalization of $743.83 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.83 and a beta of 1.07. 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 for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.44 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. UBS Group lifted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday. They set a "buy" rating and a $305.00 target price for the company. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.26.

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.