OneDigital Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 143,817 shares of the financial services provider's stock after acquiring an additional 2,079 shares during the quarter. OneDigital Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $34,474,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of JPM. Disciplined Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $217,000. LGT Group Foundation increased its holdings in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. lifted its position 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 acquiring an additional 4,375 shares during the last quarter. Jag Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock worth $353,000 after acquiring an additional 140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after acquiring an additional 319,730 shares during the last quarter. Institutional investors own 71.55% of the company's stock.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.79% of the stock is currently owned by corporate insiders.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE:JPM traded up $5.32 during trading on Wednesday, hitting $240.91. 14,124,026 shares of the stock were exchanged, compared to its average volume of 9,614,935. The company's fifty day simple moving average is $242.98 and its 200-day simple moving average is $243.17. 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 $670.46 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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 firm had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.44 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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 paid a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.32%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. UBS Group raised their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Bank of America dropped their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Evercore ISI lowered their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $255.67.
Read Our Latest Stock Report on JPM
About JPMorgan Chase & Co.
(
Free Report)
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.
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