JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by CX Institutional

CX Institutional lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,610 shares of the financial services provider’s stock after purchasing an additional 1,073 shares during the period. CX Institutional’s holdings in JPMorgan Chase & Co. were worth $6,037,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $471,000. Disciplined Investments LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $217,000. LGT Group Foundation raised its stake in JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider’s stock worth $126,040,000 after acquiring an additional 14,300 shares during the period. Kinsale Capital Group Inc. raised its stake in JPMorgan Chase & Co. by 11.1% during the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock worth $10,483,000 after acquiring an additional 4,375 shares during the period. Finally, Jag Capital Management LLC raised its stake in JPMorgan Chase & Co. by 10.5% during the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 140 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several research reports. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Finally, Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $269.65.

Insider Activity

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock worth $25,599,477 over the last three months. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.2%

JPMorgan Chase & Co. stock opened at $268.09 on Thursday. The firm has a 50 day simple moving average of $250.05 and a 200-day simple moving average of $250.34. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $745.04 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $4.44 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

JPMorgan Chase & Co. Company 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.