JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Jump Financial LLC

Jump Financial LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 211.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,013 shares of the financial services provider's stock after purchasing an additional 8,840 shares during the period. Jump Financial LLC's holdings in JPMorgan Chase & Co. were worth $3,119,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JPM. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $8,310,884,000. Proficio Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 34,259.3% during the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after purchasing an additional 3,489,314 shares during the period. APG Asset Management N.V. increased its position in JPMorgan Chase & Co. by 457.7% in the fourth quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider's stock worth $630,925,000 after buying an additional 2,236,740 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $259,038,000. Finally, Franklin Resources Inc. grew its stake in shares of JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after acquiring an additional 1,016,289 shares during the period. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Bank of America lowered their price target on shares of 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 cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $255.67.

JPMorgan Chase & Co. Stock Up 0.9 %

NYSE JPM traded up $2.18 during midday trading on Friday, hitting $231.79. 9,553,647 shares of the company traded hands, compared to its average volume of 9,601,563. JPMorgan Chase & Co. has a 52 week low of $185.98 and a 52 week high of $280.25. The company's 50-day simple moving average is $244.72 and its 200-day simple moving average is $242.83. The company has a market cap of $645.07 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $4.44 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 2.42%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the firm'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 completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,545 shares of company stock worth $19,149,144. Insiders own 0.79% of the company's stock.

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.