Fisher Asset Management LLC Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fisher Asset Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,849,090 shares of the financial services provider's stock after buying an additional 462,290 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of Fisher Asset Management LLC's investment portfolio, making the stock its 20th biggest position. Fisher Asset Management LLC owned approximately 0.41% of JPMorgan Chase & Co. worth $2,015,530,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $1,017,893,000. Wellington Management Group LLP increased its position in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after buying an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $253,076,000. Cerity Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 155.2% in the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider's stock worth $382,144,000 after buying an additional 1,366,360 shares during the period. Finally, Comerica Bank lifted its position in shares of JPMorgan Chase & Co. by 3,025.7% during the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider's stock valued at $183,806,000 after buying an additional 1,226,905 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 2.0 %

JPMorgan Chase & Co. stock traded up $3.88 during midday trading on Wednesday, reaching $195.63. The stock had a trading volume of 9,222,714 shares, compared to its average volume of 9,270,961. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $561.78 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The company has a fifty day moving average of $191.74 and a 200 day moving average of $173.16.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during 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%. On average, analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.35%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JPM shares. Piper Sandler decreased their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, March 20th. BMO Capital Markets dropped their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a research note on Monday, April 15th. Royal Bank of Canada reissued an "outperform" rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, UBS Group dropped their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research note on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $192.05.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares of the company's stock, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,063,506 shares of company stock valued at $195,024,605 in the last 90 days. Company insiders own 0.79% of the company's stock.

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.