Farringdon Capital Ltd. Takes $789,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Farringdon Capital Ltd. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,292 shares of the financial services provider's stock, valued at approximately $789,000.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after buying an additional 876,417 shares during the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $8,310,884,000. Charles Schwab Investment Management Inc. grew its position in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock worth $4,818,905,000 after purchasing an additional 71,122 shares during the last quarter. Fisher Asset Management LLC increased its stake in JPMorgan Chase & Co. by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider's stock valued at $4,171,298,000 after purchasing an additional 617,164 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings 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 worth $3,338,955,000 after buying an additional 1,016,289 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $2.18 during trading on Friday, reaching $231.79. 9,553,647 shares of the company's stock traded hands, compared to its average volume of 9,616,766. JPMorgan Chase & Co. has a fifty-two week low of $181.41 and a fifty-two week high of $280.25. The firm has a market cap of $645.07 billion, a PE ratio of 11.74, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a 50-day simple moving average of $244.72 and a 200-day simple 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, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for 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 company's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $4.44 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Analysts Set New Price Targets

JPM has been the topic of several research reports. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. StockNews.com lowered JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a report on Monday. Bank of America reduced their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. 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, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average target price of $255.67.

Insider Activity

In other news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,545 shares of company stock worth $19,149,144 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

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.