Charles Schwab Investment Management Inc. Has $3.39 Billion Stake in JPMorgan Chase & Co. (NYSE:JPM)

Charles Schwab Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,170,399 shares of the financial services provider's stock after acquiring an additional 154,426 shares during the period. JPMorgan Chase & Co. comprises approximately 0.9% of Charles Schwab Investment Management Inc.'s holdings, making the stock its 19th biggest position. Charles Schwab Investment Management Inc. owned 0.70% of JPMorgan Chase & Co. worth $3,389,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Financial Advisors Inc grew its position in shares of JPMorgan Chase & Co. by 16.4% during the 4th quarter. Northern Financial Advisors Inc now owns 11,122 shares of the financial services provider's stock valued at $1,892,000 after buying an additional 1,569 shares during the last quarter. Family Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 13.2% during the 4th quarter. Family Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $291,000 after purchasing an additional 200 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 8.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,265 shares of the financial services provider's stock worth $3,107,000 after purchasing an additional 1,470 shares during the last quarter. Apollon Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 48.3% during the 4th quarter. Apollon Wealth Management LLC now owns 122,103 shares of the financial services provider's stock valued at $20,770,000 after purchasing an additional 39,794 shares during the period. Finally, Lincoln National Corp grew its stake in JPMorgan Chase & Co. by 4.1% during the 4th quarter. Lincoln National Corp now owns 113,003 shares of the financial services provider's stock worth $19,222,000 after buying an additional 4,405 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on JPM shares. Piper Sandler dropped their price target 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. Royal Bank of Canada restated an "outperform" rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 20th. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating for the company in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Trading Up 0.6 %

Shares of NYSE:JPM traded up $1.27 during midday trading on Friday, reaching $198.77. The company had a trading volume of 7,529,790 shares, compared to its average volume of 10,391,170. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 1-year low of $133.13 and a 1-year high of $200.94. The firm has a market cap of $570.80 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a fifty day simple moving average of $192.47 and a two-hundred day simple moving average of $174.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Research analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company's stock, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,066,506 shares of company stock worth $195,621,185. 0.79% of the stock is owned by corporate insiders.

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.