JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 993,280 shares of the financial services provider's stock after purchasing an additional 28,694 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Rafferty Asset Management LLC's portfolio, making the stock its 29th biggest holding. Rafferty Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $238,099,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $13,212,000. Redwood Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 28.3% during the fourth quarter. Redwood Investment Management LLC now owns 5,092 shares of the financial services provider's stock valued at $1,221,000 after acquiring an additional 1,123 shares during the last quarter. Rockbridge Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $581,000. ProShare Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 15.8% during the fourth quarter. ProShare Advisors LLC now owns 766,428 shares of the financial services provider's stock valued at $183,720,000 after acquiring an additional 104,413 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of JPMorgan Chase & Co. by 28.0% during the fourth quarter. Quantinno Capital Management LP now owns 333,243 shares of the financial services provider's stock valued at $79,882,000 after acquiring an additional 72,956 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research report on Monday, April 14th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.26.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of NYSE JPM traded up $0.16 during midday trading on Friday, hitting $267.65. The stock had a trading volume of 8,920,049 shares, compared to its average volume of 9,645,897. The company has a market capitalization of $743.83 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average price of $240.72 and a 200 day moving average price of $246.92.

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 for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.44 EPS. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Activity

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,188 shares of company stock valued at $33,095,363 in the last three months. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. 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.