Forum Financial Management LP Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Forum Financial Management LP boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,979 shares of the financial services provider's stock after purchasing an additional 2,820 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.3% of Forum Financial Management LP's holdings, making the stock its 23rd largest holding. Forum Financial Management LP's holdings in JPMorgan Chase & Co. were worth $19,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Disciplined Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $217,000. LGT Group Foundation grew its position in JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after purchasing an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. raised its stake in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after purchasing an additional 4,375 shares during the period. Jag Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 10.5% in the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock worth $353,000 after buying an additional 140 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after buying an additional 319,730 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 2.5 %

JPM stock traded up $5.83 during midday trading on Tuesday, reaching $234.82. The company's stock had a trading volume of 3,420,464 shares, compared to its average volume of 9,574,208. The business's 50-day simple moving average is $243.79 and its 200-day simple moving average is $243.22. The stock has a market cap of $653.51 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $185.98 and a 52 week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the firm posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current 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 given a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.38%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction 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 sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock worth $19,149,144 over the last three months. Company insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Bank of America lowered their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com downgraded JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Finally, KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $255.67.

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.