Ilmarinen Mutual Pension Insurance Co Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Ilmarinen Mutual Pension Insurance Co boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 457,869 shares of the financial services provider's stock after acquiring an additional 123,300 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 13th largest holding. Ilmarinen Mutual Pension Insurance Co's holdings in JPMorgan Chase & Co. were worth $109,756,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Finally, Collier Financial bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $9.93 during midday trading on Thursday, hitting $224.41. 8,551,273 shares of the stock traded hands, compared to its average volume of 9,644,791. The firm has a 50-day moving average of $250.33 and a two-hundred day moving average of $241.75. The firm has a market capitalization of $627.48 billion, a P/E ratio of 11.28, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a one year low of $179.20 and a one year 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.50%. JPMorgan Chase & Co.'s dividend payout ratio is 28.37%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the business's 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 owns 50,197 shares of the company's stock, valued at $12,400,164.91. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore ISI dropped their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Truist Financial lowered their price target on JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.83.

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.