Fisher Asset Management LLC Buys 462,290 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fisher Asset Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,849,090 shares of the financial services provider’s stock after buying an additional 462,290 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Fisher Asset Management LLC’s holdings, making the stock its 20th largest holding. Fisher Asset Management LLC owned 0.41% of JPMorgan Chase & Co. worth $2,015,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $40,000. Macroview Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares in the last quarter. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $44,000. Finally, Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders sold a total of 1,042,525 shares of company stock worth $190,961,526 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. UBS Group lowered their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. BMO Capital Markets lowered their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM opened at $191.80 on Wednesday. The business’s 50 day moving average is $191.74 and its 200 day moving average is $173.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $133.13 and a 12-month high of $200.94. The company has a market capitalization of $550.79 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Research analysts expect that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.40%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

About JPMorgan Chase & Co.

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.