Axiom Investors LLC DE acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 930,284 shares of the financial services provider's stock, valued at approximately $222,998,000. JPMorgan Chase & Co. makes up about 1.6% of Axiom Investors LLC DE's investment portfolio, making the stock its 17th largest position.
Several other large investors also recently added to or reduced their stakes in the business. AIA Group Ltd grew its position in JPMorgan Chase & Co. by 21.3% during the 4th quarter. AIA Group Ltd now owns 92,027 shares of the financial services provider's stock valued at $22,060,000 after purchasing an additional 16,173 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its position in JPMorgan Chase & Co. by 7.5% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 13,052 shares of the financial services provider's stock valued at $3,129,000 after purchasing an additional 915 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in JPMorgan Chase & Co. by 7.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 537,475 shares of the financial services provider's stock valued at $128,838,000 after acquiring an additional 39,362 shares during the last quarter. Ameraudi Asset Management Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $219,000. Finally, Bcwm LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $10,428,000. Institutional investors own 71.55% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America cut their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Truist Financial decreased their target price on JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a research note on Friday. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.83.
View Our Latest Analysis on JPM
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock valued at $19,987,908 in the last quarter. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock traded up $3.73 during trading hours on Monday, hitting $214.01. 22,899,437 shares of the company's stock traded hands, compared to its average volume of 9,534,423. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a fifty day simple moving average of $253.67 and a 200-day simple moving average of $241.77. The stock has a market capitalization of $598.39 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.83 and a beta of 1.01.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 2.62%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.
About JPMorgan Chase & Co.
(
Free Report)
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.
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