MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,272 shares of the financial services provider's stock after purchasing an additional 6,064 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in JPMorgan Chase & Co. were worth $74,375,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. MJP Associates Inc. ADV increased its holdings in shares of JPMorgan Chase & Co. by 3.7% in the 4th quarter. MJP Associates Inc. ADV now owns 15,015 shares of the financial services provider's stock valued at $3,599,000 after acquiring an additional 541 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 62.5% in the fourth quarter. Lazard Asset Management LLC now owns 350,851 shares of the financial services provider's stock valued at $84,101,000 after purchasing an additional 134,887 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $151,784,000. Lighthouse Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $4,440,000. Finally, Lionshead Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $514,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $259.67 on Tuesday. The stock has a market capitalization of $721.66 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.83 and a beta of 1.07. The business's 50 day moving average is $238.44 and its two-hundred day moving average is $246.08. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-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 released its quarterly earnings data 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 return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the business posted $4.44 earnings per share. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. Research analysts expect 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 was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group upped their target price 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. Keefe, Bruyette & Woods upped their price objective on shares of 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. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $255.67.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on 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 directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,188 shares of company stock worth $33,095,363 over the last 90 days. Company insiders own 0.47% of the company's stock.

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.

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