Banco BTG Pactual S.A. Purchases 12,369 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Banco BTG Pactual S.A. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 543.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,647 shares of the financial services provider's stock after acquiring an additional 12,369 shares during the quarter. Banco BTG Pactual S.A.'s holdings in JPMorgan Chase & Co. were worth $3,515,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after acquiring an additional 182,648 shares during the last quarter. United Bank increased its position in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of JPMorgan Chase & Co. by 62.7% during the 3rd quarter. Edgestream Partners L.P. now owns 9,661 shares of the financial services provider's stock worth $2,037,000 after purchasing an additional 3,723 shares during the period. Aureus Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Aureus Asset Management LLC now owns 17,305 shares of the financial services provider's stock worth $3,649,000 after buying an additional 89 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in JPMorgan Chase & Co. by 425.0% during the third quarter. Benjamin Edwards Inc. now owns 140,556 shares of the financial services provider's stock valued at $29,670,000 after buying an additional 113,781 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

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Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % 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, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JPM. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.83.

JPMorgan Chase & Co. Trading Down 0.7 %

NYSE:JPM traded down $1.72 during trading hours on Tuesday, reaching $243.58. The company's stock had a trading volume of 8,048,355 shares, compared to its average volume of 9,363,549. 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 firm has a market capitalization of $681.06 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.83 and a beta of 1.10. The firm has a 50-day simple moving average of $256.88 and a 200-day simple moving average of $241.33. 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 released its quarterly earnings data 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 for 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.37%.

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.