Susquehanna Fundamental Investments LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 303,656 shares of the financial services provider's stock, valued at approximately $72,789,000. JPMorgan Chase & Co. accounts for 1.0% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $8,310,884,000. Proficio Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 34,259.3% during the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after buying an additional 3,489,314 shares in the last quarter. APG Asset Management N.V. grew its stake in JPMorgan Chase & Co. by 457.7% in the 4th quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider's stock worth $630,925,000 after acquiring an additional 2,236,740 shares in the last quarter. Capital Research Global Investors raised its stake in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after acquiring an additional 1,914,049 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $259,038,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.3 %

JPM stock traded down $3.08 during midday trading on Wednesday, hitting $241.54. 3,400,306 shares of the company's stock were exchanged, compared to its average volume of 9,605,699. The stock has a market capitalization of $672.20 billion, a PE ratio of 12.24, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25. The business has a 50-day simple moving average of $239.74 and a two-hundred day simple moving average of $244.19. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JPM shares. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Monday. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a research note on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average price target of $255.67.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,545 shares of company stock worth $19,149,144. 0.47% of the stock is currently owned by insiders.

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.