JPMorgan Chase & Co. (NYSE:JPM) Holdings Increased by Tobam

Tobam grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,240.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,703 shares of the financial services provider’s stock after buying an additional 1,576 shares during the quarter. Tobam’s holdings in JPMorgan Chase & Co. were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Moneta Group Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $3,894,646,000. Morgan Stanley increased its position in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $1,017,893,000. Finally, Wellington Management Group LLP increased its position in shares of JPMorgan Chase & Co. by 12.2% in 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 acquiring an additional 4,603,090 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Jefferies Financial Group lifted their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $190.56.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $182.90 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $525.31 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company has a 50 day moving average price of $188.28 and a two-hundred day moving average price of $168.17. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same quarter last year, the firm earned $3.57 earnings per share. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 15.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. Profile

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.