JPMorgan Chase & Co. (NYSE:JPM) is Legal & General Group Plc's 10th Largest Position

Legal & General Group Plc decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,610,663 shares of the financial services provider's stock after selling 4,594,280 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Legal & General Group Plc's portfolio, making the stock its 10th largest position. Legal & General Group Plc owned 0.66% of JPMorgan Chase & Co. worth $4,461,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in JPM. Shakespeare Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Shakespeare Wealth Management LLC now owns 6,207 shares of the financial services provider's stock worth $1,488,000 after acquiring an additional 75 shares during the period. Concentrum Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $225,000. Garrison Point Advisors LLC increased its holdings in JPMorgan Chase & Co. by 13.2% during the fourth quarter. Garrison Point Advisors LLC now owns 8,121 shares of the financial services provider's stock valued at $1,947,000 after buying an additional 944 shares during the period. Benchmark Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Benchmark Investment Advisors LLC now owns 7,275 shares of the financial services provider's stock worth $1,744,000 after buying an additional 49 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $599,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

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JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $9.27 on Friday, reaching $236.38. 10,949,014 shares of the stock were exchanged, compared to its average volume of 9,697,885. The business has a 50 day moving average price of $249.53 and a two-hundred day moving average price of $241.85. The firm has a market capitalization of $660.94 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. 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. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.57 by $0.50. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.44 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.37%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.

Insiders Place Their Bets

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 stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,848 shares of company stock valued at $19,987,908. Company insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JPM. UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Evercore ISI reduced their target price 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. Barclays raised 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. Truist Financial cut their price objective on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.83.

JPMorgan Chase & Co. 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.