Citizens Financial Group Inc. RI Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Citizens Financial Group Inc. RI raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,464 shares of the financial services provider's stock after acquiring an additional 7,963 shares during the quarter. JPMorgan Chase & Co. comprises 1.5% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 16th biggest holding. Citizens Financial Group Inc. RI's holdings in JPMorgan Chase & Co. were worth $78,017,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Sage Mountain Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.0% during the fourth quarter. Sage Mountain Advisors LLC now owns 48,611 shares of the financial services provider's stock valued at $11,652,000 after acquiring an additional 1,420 shares during the last quarter. Riverbend Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $1,635,000. Davis R M Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Davis R M Inc. now owns 342,365 shares of the financial services provider's stock worth $82,068,000 after purchasing an additional 1,292 shares in the last quarter. Claris Advisors LLC MO boosted its position in shares of JPMorgan Chase & Co. by 134.6% during the 4th quarter. Claris Advisors LLC MO now owns 2,440 shares of the financial services provider's stock worth $585,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Clare Market Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $1,729,000. Institutional investors own 71.55% of the company's stock.

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JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $2.48 during mid-day trading on Friday, hitting $241.49. 19,301,450 shares of the stock were exchanged, compared to its average volume of 8,866,821. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The company has a 50-day simple moving average of $257.86 and a 200 day simple moving average of $239.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market capitalization of $675.24 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter last year, the firm earned $3.04 EPS. The company's quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate 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 announced 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 is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Wolfe Research raised 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, Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.89.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company's stock, 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, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.