JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 98.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,549 shares of the financial services provider's stock after acquiring an additional 8,217 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in JPMorgan Chase & Co. were worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JPM. Geode Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.9% in the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock valued at $12,258,346,000 after purchasing an additional 505,830 shares during the period. Charles Schwab Investment Management Inc. increased 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 period. Fisher Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.7% in 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 buying an additional 617,164 shares during the period. Franklin Resources Inc. boosted its stake 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 valued at $3,338,955,000 after buying an additional 1,016,289 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in 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 worth $1,228,110,000 after acquiring an additional 182,648 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have commented on JPM. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Bank of America lowered their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday. Wolfe Research upgraded 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 report on Friday, January 3rd. Finally, Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.06.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, 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. Over the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Down 7.0 %

Shares of JPMorgan Chase & Co. stock traded down $17.23 during trading hours on Thursday, reaching $228.60. 17,164,458 shares of the company's stock were exchanged, compared to its average volume of 9,397,733. The company has a fifty day moving average of $255.80 and a 200-day moving average of $241.27. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The firm has a market capitalization of $639.18 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate 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 was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. Sell-side analysts forecast 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. Investors of record on Friday, April 4th will be given a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.37%.

JPMorgan Chase & Co. Company 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.