JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,870 shares of the financial services provider's stock after buying an additional 2,702 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in JPMorgan Chase & Co. were worth $4,277,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JPM. Granite Investment Partners LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Granite Investment Partners LLC now owns 44,195 shares of the financial services provider's stock worth $10,594,000 after acquiring an additional 195 shares during the last quarter. Altman Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Altman Advisors Inc. now owns 9,037 shares of the financial services provider's stock worth $2,166,000 after purchasing an additional 70 shares during the period. Virtus Wealth Solutions LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $3,025,000. Tiller Private Wealth Inc. grew its position in JPMorgan Chase & Co. by 3.0% during the 4th quarter. Tiller Private Wealth Inc. now owns 3,037 shares of the financial services provider's stock worth $728,000 after purchasing an additional 89 shares during the last quarter. Finally, Entruity Wealth LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $328,000. Institutional investors and hedge funds own 71.55% of the company's stock.

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Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated 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 transaction, 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 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 valued at $19,987,908. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded down $1.68 during trading hours on Tuesday, reaching $233.04. 10,902,541 shares of the company traded hands, compared to its average volume of 9,642,534. 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 firm's 50-day moving average is $247.29 and its 200-day moving average is $242.36. The stock has a market cap of $648.54 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

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 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, April 4th. 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%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $254.11.

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.