BI Asset Management Fondsmaeglerselskab A S Has $61.50 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,576 shares of the financial services provider’s stock after selling 176,279 shares during the period. JPMorgan Chase & Co. comprises about 1.3% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 12th largest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in JPMorgan Chase & Co. were worth $61,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $6,016,878,000. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,017,893,000. Wellington Management Group LLP boosted its position in shares of JPMorgan Chase & Co. by 12.2% during 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 during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $253,076,000. Finally, Cerity Partners LLC boosted its position in JPMorgan Chase & Co. by 155.2% during the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after purchasing an additional 1,366,360 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the completion of the transaction, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the completion of the sale, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,081,127 shares of company stock worth $198,695,364 in the last three months. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group lifted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets dropped their price target 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. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Read Our Latest Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $199.58 on Wednesday. The stock has a market cap of $573.13 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.40 and a beta of 1.13. The stock has a 50-day moving average of $194.19 and a two-hundred day moving average of $177.38. 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 one year low of $134.40 and a one year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted 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 return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.28 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

JPMorgan Chase & Co. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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