National Pension Service Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

National Pension Service lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,464,974 shares of the financial services provider's stock after purchasing an additional 87,000 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of National Pension Service's investment portfolio, making the stock its 12th largest holding. National Pension Service owned 0.16% of JPMorgan Chase & Co. worth $759,492,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Meridian Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.9% during the fourth quarter. Meridian Wealth Advisors LLC now owns 53,029 shares of the financial services provider's stock worth $9,020,000 after purchasing an additional 981 shares during the period. RMR Wealth Builders boosted its holdings in JPMorgan Chase & Co. by 7.2% during the 4th quarter. RMR Wealth Builders now owns 28,856 shares of the financial services provider's stock worth $4,908,000 after acquiring an additional 1,945 shares during the last quarter. Evexia Wealth LLC boosted its holdings in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Evexia Wealth LLC now owns 46,103 shares of the financial services provider's stock worth $8,056,000 after acquiring an additional 628 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in JPMorgan Chase & Co. by 21.2% during the 4th quarter. Picton Mahoney Asset Management now owns 94,859 shares of the financial services provider's stock worth $16,134,000 after acquiring an additional 16,622 shares during the last quarter. Finally, EdgeRock Capital LLC boosted its holdings in JPMorgan Chase & Co. by 12.3% during the 4th quarter. EdgeRock Capital LLC now owns 2,220 shares of the financial services provider's stock worth $388,000 after acquiring an additional 243 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JPM shares. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. BMO Capital Markets lowered their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Keefe, Bruyette & Woods upped their price target 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. Finally, UBS Group reduced their price objective on shares of 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $0.04 during midday trading on Monday, reaching $198.73. The stock had a trading volume of 6,766,528 shares, compared to its average volume of 9,210,910. The company's 50-day moving average is $192.47 and its 200 day moving average is $174.36. JPMorgan Chase & Co. has a 12-month low of $133.96 and a 12-month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $570.69 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion during the quarter, compared to analysts' expectations of $40.90 billion. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.21 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. 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 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 1,810 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 value of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders sold 1,066,506 shares of company stock worth $195,621,185 in the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

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.