Choreo LLC Has $11.59 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Choreo LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 66.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,139 shares of the financial services provider's stock after purchasing an additional 27,253 shares during the quarter. Choreo LLC's holdings in JPMorgan Chase & Co. were worth $11,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Reston Wealth Management LLC now owns 4,989 shares of the financial services provider's stock valued at $723,000 after purchasing an additional 82 shares in the last quarter. Lake Street Financial LLC raised its stake in shares of JPMorgan Chase & Co. by 31.4% in the third quarter. Lake Street Financial LLC now owns 43,130 shares of the financial services provider's stock valued at $6,366,000 after acquiring an additional 10,311 shares in the last quarter. Future Financial Wealth Managment LLC boosted its holdings in JPMorgan Chase & Co. by 15.3% in the third quarter. Future Financial Wealth Managment LLC now owns 4,728 shares of the financial services provider's stock valued at $686,000 after purchasing an additional 627 shares during the period. Index Fund Advisors Inc. grew its stake in JPMorgan Chase & Co. by 29.4% during the 3rd quarter. Index Fund Advisors Inc. now owns 3,304 shares of the financial services provider's stock worth $479,000 after purchasing an additional 751 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV raised its position in JPMorgan Chase & Co. by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 40,319 shares of the financial services provider's stock valued at $5,847,000 after purchasing an additional 1,464 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $1.15 during midday trading on Friday, hitting $190.51. The stock had a trading volume of 8,922,775 shares, compared to its average volume of 10,290,340. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average price of $191.40 and a two-hundred day moving average price of $172.49. The company has a market capitalization of $547.08 billion, a PE ratio of 11.50, a P/E/G ratio of 2.39 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.41%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares of the company's stock, valued at approximately $8,045,325.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Corporate insiders own 0.79% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. UBS Group cut their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and increased their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, BMO Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a research report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.05.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.