DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 2,551,899 Shares of JPMorgan Chase & Co. (NYSE:JPM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,684,810 shares of the financial services provider's stock after buying an additional 2,551,899 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.6% of DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings, making the stock its 7th biggest position. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.38% of JPMorgan Chase & Co. worth $2,561,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after acquiring an additional 182,648 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares in the last quarter. Diversified Trust Co boosted its stake in JPMorgan Chase & Co. by 1.8% in the 4th quarter. Diversified Trust Co now owns 74,631 shares of the financial services provider's stock valued at $17,890,000 after buying an additional 1,308 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after acquiring an additional 148 shares during the period. Finally, Spartan Planning & Wealth Management bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $1,373,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPM traded down $0.27 during trading hours on Friday, reaching $253.20. The stock had a trading volume of 5,083,987 shares, compared to its average volume of 9,625,953. The company has a market cap of $704.65 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average of $238.28 and a 200 day moving average of $245.52.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations 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 revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.44 earnings per share. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were issued 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 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Analyst Ratings Changes

Several equities analysts recently issued reports on JPM shares. UBS Group lifted their price target 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. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Finally, Bank of America reduced their price target on shares of 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $255.67.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,188 shares of company stock valued at $33,095,363 over the last quarter. Corporate insiders own 0.47% of the company's stock.

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.