AssuredPartners Investment Advisors LLC Takes $6.85 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

AssuredPartners Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,595 shares of the financial services provider's stock, valued at approximately $6,854,000. JPMorgan Chase & Co. accounts for about 1.3% of AssuredPartners Investment Advisors LLC's investment portfolio, making the stock its 13th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 34,259.3% during the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after acquiring an additional 3,489,314 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $259,038,000. Franklin Resources Inc. increased its holdings in shares of JPMorgan Chase & Co. by 7.2% during 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 acquiring an additional 1,016,289 shares in the last quarter. DJE Kapital AG acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $179,870,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider's stock worth $4,171,298,000 after purchasing an additional 617,164 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

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JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded down $17.24 during midday trading on Friday, hitting $210.05. 6,328,588 shares of the company's stock were exchanged, compared to its average volume of 10,461,744. The company has a market cap of $587.33 billion, a P/E ratio of 10.64, a PEG 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. The stock has a 50-day moving average price of $255.80 and a two-hundred day moving average price of $241.27. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared 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 2.67%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 28.37%.

Analysts Set New Price Targets

JPM has been the topic of several research reports. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $254.83.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were 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 owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by insiders.

About JPMorgan Chase & Co.

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.