JPMorgan Chase & Co. (NYSE:JPM) Stake Decreased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,409,706 shares of the financial services provider's stock after selling 41,956 shares during the quarter. JPMorgan Chase & Co. makes up 1.5% of Skandinaviska Enskilda Banken AB publ's holdings, making the stock its 10th biggest position. Skandinaviska Enskilda Banken AB publ owned about 0.05% of JPMorgan Chase & Co. worth $337,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Achmea Investment Management B.V. increased its position in shares of JPMorgan Chase & Co. by 8.6% during the fourth quarter. Achmea Investment Management B.V. now owns 305,687 shares of the financial services provider's stock worth $73,276,000 after purchasing an additional 24,207 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 7.4% during the fourth quarter. Mascoma Wealth Management LLC now owns 2,280 shares of the financial services provider's stock worth $547,000 after buying an additional 157 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of JPMorgan Chase & Co. by 56.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 367,825 shares of the financial services provider's stock valued at $88,171,000 after buying an additional 133,139 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of JPMorgan Chase & Co. by 126.6% in the fourth quarter. Rakuten Securities Inc. now owns 1,645 shares of the financial services provider's stock worth $394,000 after buying an additional 919 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 320,959 shares of the financial services provider's stock worth $76,937,000 after acquiring an additional 7,229 shares during the last quarter. Hedge funds and other 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 $6.60 on Monday, hitting $248.23. The stock had a trading volume of 9,417,743 shares, compared to its average volume of 8,869,022. The stock has a market cap of $694.07 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company's 50 day moving average price is $257.86 and its 200 day moving average price is $239.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.26%. JPMorgan Chase & Co.'s payout ratio is currently 28.37%.

Analyst Upgrades and Downgrades

A number of research firms have commented on JPM. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Keefe, Bruyette & Woods increased 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 raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $252.89.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company's 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 of the company's stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,326 shares of company stock valued at $12,448,445. 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. 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.