Capital Research Global Investors Acquires 1,914,049 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital Research Global Investors raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,841,033 shares of the financial services provider's stock after buying an additional 1,914,049 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Capital Research Global Investors' holdings, making the stock its 20th largest holding. Capital Research Global Investors owned about 0.81% of JPMorgan Chase & Co. worth $5,475,223,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Disciplined Investments LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $217,000. LGT Group Foundation raised its position in shares of JPMorgan Chase & Co. by 2.8% during the fourth 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 during the period. Kinsale Capital Group Inc. lifted its holdings in shares of 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 in the last quarter. Jag Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,545 shares of company stock worth $19,149,144. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $6.27 during trading on Wednesday, reaching $241.86. 9,000,605 shares of the company traded hands, compared to its average volume of 9,593,262. 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. has a 52 week low of $188.46 and a 52 week high of $280.25. The firm has a market capitalization of $673.10 billion, a PE ratio of 12.25, a PEG ratio of 2.83 and a beta of 1.01. The company's 50 day moving average is $242.98 and its two-hundred day moving average is $243.17.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating 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 analyst estimates of $43.62 billion. During the same period last year, the firm earned $4.44 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.32%. 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. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Evercore ISI reduced 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 report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. One equities research 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, the stock has an average rating of "Hold" and an average 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.