CANADA LIFE ASSURANCE Co boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,603,619 shares of the financial services provider's stock after buying an additional 32,598 shares during the period. JPMorgan Chase & Co. makes up 1.1% of CANADA LIFE ASSURANCE Co's holdings, making the stock its 11th biggest holding. CANADA LIFE ASSURANCE Co owned about 0.09% of JPMorgan Chase & Co. worth $624,464,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Tobias Financial Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 12.6% in the fourth quarter. Tobias Financial Advisors Inc. now owns 1,442 shares of the financial services provider's stock worth $346,000 after purchasing an additional 161 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $2,483,000. Strategic Investment Solutions Inc. IL increased its stake in shares of JPMorgan Chase & Co. by 3.9% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,000 shares of the financial services provider's stock valued at $437,000 after acquiring an additional 75 shares in the last quarter. First Commonwealth Financial Corp PA lifted its position in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. First Commonwealth Financial Corp PA now owns 15,542 shares of the financial services provider's stock valued at $3,726,000 after acquiring an additional 1,291 shares during the period. Finally, Capital Square LLC boosted its stake in JPMorgan Chase & Co. by 6.3% during the fourth quarter. Capital Square LLC now owns 7,354 shares of the financial services provider's stock worth $1,948,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 71.55% of the company's stock.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock valued at $19,149,144 over the last ninety days. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM traded up $2.18 during trading on Friday, reaching $231.79. The company's stock had a trading volume of 9,553,647 shares, compared to its average volume of 9,616,766. The firm has a market cap of $645.07 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12 month low of $181.41 and a 12 month high of $280.25. 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 50 day moving average of $244.72 and a 200-day moving average of $242.59.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.44 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.42%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.
Analyst Ratings Changes
Several research firms have weighed in on JPM. Wolfe Research raised shares of 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. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Truist Financial set a $261.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $255.67.
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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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