JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,499 shares of the financial services provider’s stock after acquiring an additional 313 shares during the period. JPMorgan Chase & Co. comprises approximately 3.6% of Cullen Investment Group LTD.’s investment portfolio, making the stock its 5th biggest position. Cullen Investment Group LTD.’s holdings in JPMorgan Chase & Co. were worth $24,330,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JPM. Eagle Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the last quarter. Fiera Capital Corp raised its position in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares during the last quarter. Kinsale Capital Group Inc. raised its position in shares of JPMorgan Chase & Co. by 20.8% during the 2nd quarter. Kinsale Capital Group Inc. now owns 34,109 shares of the financial services provider’s stock worth $6,899,000 after purchasing an additional 5,863 shares during the last quarter. Biltmore Family Office LLC raised its position in shares of JPMorgan Chase & Co. by 17.6% during the 2nd quarter. Biltmore Family Office LLC now owns 13,572 shares of the financial services provider’s stock worth $2,745,000 after purchasing an additional 2,030 shares during the last quarter. Finally, SP Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 28.1% during the 2nd quarter. SP Asset Management LLC now owns 3,096 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 680 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $247.35 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $696.37 billion, a P/E ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11. The company has a 50 day moving average price of $242.60 and a 200 day moving average price of $223.51. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.02%. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JPM shares. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.83.

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.