JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Allstate Corp

Allstate Corp grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3,259.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,629 shares of the financial services provider's stock after buying an additional 82,110 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Allstate Corp's holdings, making the stock its 21st biggest holding. Allstate Corp's holdings in JPMorgan Chase & Co. were worth $20,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $8,310,884,000. Proficio Capital Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 34,259.3% during the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock worth $838,865,000 after purchasing an additional 3,489,314 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $259,038,000. Franklin Resources Inc. boosted its stake in shares of JPMorgan Chase & Co. by 7.2% in the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares during the period. Finally, DJE Kapital AG acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $179,870,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business's 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 completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 in the last quarter. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $17.23 during midday trading on Thursday, hitting $228.60. 17,164,458 shares of the stock traded hands, compared to its average volume of 9,398,057. The business's 50 day moving average price is $256.54 and its two-hundred day moving average price is $241.36. The firm has a market capitalization of $639.18 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.45%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday. Barclays increased their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Bank of America reduced their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.