Teacher Retirement System of Texas Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Teacher Retirement System of Texas increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,074,502 shares of the financial services provider’s stock after purchasing an additional 58,644 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Teacher Retirement System of Texas’ portfolio, making the stock its 11th largest position. Teacher Retirement System of Texas’ holdings in JPMorgan Chase & Co. were worth $257,569,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson raised its stake in shares of JPMorgan Chase & Co. by 18.6% during the 4th quarter. First National Bank of Hutchinson now owns 11,962 shares of the financial services provider’s stock worth $2,867,000 after buying an additional 1,872 shares in the last quarter. Sandy Spring Bank raised its position in JPMorgan Chase & Co. by 2.1% in the fourth quarter. Sandy Spring Bank now owns 168,261 shares of the financial services provider’s stock worth $40,334,000 after acquiring an additional 3,505 shares in the last quarter. Generali Investments Management Co LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $3,402,000. GM Advisory Group LLC lifted its holdings in JPMorgan Chase & Co. by 1.4% in the fourth quarter. GM Advisory Group LLC now owns 27,988 shares of the financial services provider’s stock valued at $6,709,000 after acquiring an additional 384 shares during the period. Finally, Investment House LLC boosted its position in shares of JPMorgan Chase & Co. by 2.5% during the 4th quarter. Investment House LLC now owns 6,192 shares of the financial services provider’s stock worth $1,484,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Truist Financial upped their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Finally, UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This trade represents a 15.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPM opened at $250.99 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The company has a market capitalization of $701.79 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a fifty day moving average of $257.99 and a two-hundred day moving average of $240.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date is Friday, April 4th. 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 2.23%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.