Voya Investment Management LLC Buys 236,396 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Voya Investment Management LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,835,922 shares of the financial services provider's stock after buying an additional 236,396 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Voya Investment Management LLC's holdings, making the stock its 15th biggest position. Voya Investment Management LLC owned 0.14% of JPMorgan Chase & Co. worth $919,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in JPMorgan Chase & Co. by 10.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 161,549 shares of the financial services provider's stock worth $38,725,000 after purchasing an additional 15,079 shares in the last quarter. Burling Wealth Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $14,517,000. Syon Capital LLC grew its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Syon Capital LLC now owns 29,932 shares of the financial services provider's stock worth $7,175,000 after buying an additional 85 shares in the last quarter. Beck Capital Management LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Beck Capital Management LLC now owns 14,465 shares of the financial services provider's stock worth $3,467,000 after acquiring an additional 151 shares during the period. Finally, Brasada Capital Management LP raised its holdings in JPMorgan Chase & Co. by 12.2% in the 4th quarter. Brasada Capital Management LP now owns 13,159 shares of the financial services provider's stock valued at $3,214,000 after acquiring an additional 1,433 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business'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 sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock valued at $19,149,144 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JPM. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday, April 14th. Evercore ISI decreased their target price 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. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. StockNews.com lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Finally, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $255.67.

JPMorgan Chase & Co. Trading Down 0.9 %

Shares of JPM 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 business has a 50 day simple moving average of $240.91 and a two-hundred day simple moving average of $244.04. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market capitalization of $671.43 billion, a PE ratio of 12.22, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $188.46 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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 analyst estimates of $43.62 billion. During the same quarter last year, the business earned $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, 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. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. JPMorgan Chase & Co.'s dividend payout ratio is presently 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.