Susquehanna Fundamental Investments LLC Makes New $72.79 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

Susquehanna Fundamental Investments LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 303,656 shares of the financial services provider's stock, valued at approximately $72,789,000. JPMorgan Chase & Co. comprises about 1.0% of Susquehanna Fundamental Investments LLC's holdings, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Principal Financial Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after purchasing an additional 182,648 shares in the last quarter. Invst LLC boosted its position in shares of JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock worth $3,170,000 after purchasing an additional 204 shares in the last quarter. Passumpsic Savings Bank boosted its position in shares of JPMorgan Chase & Co. by 15.1% during the 3rd quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock worth $2,267,000 after purchasing an additional 1,407 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of JPMorgan Chase & Co. by 1.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock worth $4,445,000 after purchasing an additional 311 shares in the last quarter. Finally, Morse Asset Management Inc boosted its position in shares of JPMorgan Chase & Co. by 234.4% during the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock worth $1,524,000 after purchasing an additional 5,065 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, 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 transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,545 shares of company stock worth $19,149,144. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.2 %

Shares of NYSE JPM traded down $0.41 on Monday, reaching $243.14. 7,382,167 shares of the company traded hands, compared to its average volume of 9,622,803. The company has a 50 day moving average of $240.91 and a 200 day moving average of $244.04. The stock has a market capitalization of $676.66 billion, a PE ratio of 12.32, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a fifty-two week low of $188.46 and a fifty-two week high of $280.25. 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. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.44 earnings per share. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Analysts Set New Price Targets

Several brokerages have commented on JPM. Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Finally, Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $255.67.

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.