JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% in the fourth quarter, Holdings Channel reports. The firm owned 6,138,808 shares of the financial services provider’s stock after purchasing an additional 390,413 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Schroder Investment Management Group’s holdings, making the stock its 10th biggest position. Schroder Investment Management Group’s holdings in JPMorgan Chase & Co. were worth $1,469,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlueChip Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 7.9% during the 4th quarter. BlueChip Wealth Advisors LLC now owns 2,225 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 163 shares during the last quarter. Okabena Investment Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. Okabena Investment Services Inc. now owns 11,272 shares of the financial services provider’s stock valued at $2,702,000 after buying an additional 348 shares in the last quarter. Allianz SE acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $59,608,000. WealthTrak Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $136,000. Finally, Intrust Bank NA lifted its stake in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Intrust Bank NA now owns 43,132 shares of the financial services provider’s stock valued at $10,339,000 after acquiring an additional 322 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares of the company’s stock, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.0 %

Shares of JPM stock opened at $246.10 on Thursday. The stock has a market cap of $688.12 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $256.54 and a 200 day simple moving average of $241.36.

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, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research 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 research report on Friday, January 3rd. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.06.

JPMorgan Chase & Co. 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.