William Blair Investment Management LLC Makes New $34.27 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

William Blair Investment Management LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 142,962 shares of the financial services provider's stock, valued at approximately $34,269,000.

Several other large investors have also recently made changes to their positions in JPM. Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Collier Financial purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 34.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after buying an additional 51 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $50,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $45,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 in the last three months. Company insiders own 0.79% of the company's stock.

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JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $2.68 during midday trading on Thursday, hitting $248.35. The company had a trading volume of 8,014,093 shares, compared to its average volume of 8,885,654. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a fifty day moving average of $257.88 and a two-hundred day moving average of $240.12. The company has a market cap of $694.41 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.83 and a beta of 1.10. 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 issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is a boost 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 2.25%. JPMorgan Chase & Co.'s dividend payout ratio is 28.37%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JPM shares. Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $252.89.

About JPMorgan Chase & Co.

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.