Federated Hermes Inc. Has $95.94 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Federated Hermes Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,227 shares of the financial services provider's stock after selling 8,738 shares during the quarter. Federated Hermes Inc.'s holdings in JPMorgan Chase & Co. were worth $95,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Principal Financial Group Inc. grew its position in JPMorgan Chase & Co. by 3.2% in 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 purchasing an additional 182,648 shares in the last quarter. United Bank grew its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after acquiring an additional 614 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $45,000. Y Intercept Hong Kong Ltd bought a new stake in JPMorgan Chase & Co. during the third quarter worth about $6,549,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in JPMorgan Chase & Co. by 5.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,174,598 shares of the financial services provider's stock valued at $247,676,000 after purchasing an additional 58,574 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. UBS Group upped their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped 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. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Ten 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.83.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $7.22 during trading hours on Friday, hitting $234.33. The company's stock had a trading volume of 9,661,125 shares, compared to its average volume of 9,693,332. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve 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 stock has a fifty day simple moving average of $249.53 and a 200-day simple moving average of $241.85. The company has a market capitalization of $655.20 billion, a P/E ratio of 11.91, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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 $4.57 by $0.50. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the prior year, the company earned $4.44 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts anticipate 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. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is an increase 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 2.39%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.37%.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of the company'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 value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 in the last 90 days. Insiders own 0.79% of the company's stock.

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.