1,301 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Edmp Inc.

Edmp Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,301 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other large investors also recently added to or reduced their stakes in JPM. Moneta Group Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $3,894,646,000. Morgan Stanley grew its stake in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,017,893,000. Finally, Wellington Management Group LLP grew its stake in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 6.5 %

NYSE JPM opened at $182.79 on Friday. JPMorgan Chase & Co. has a 12-month low of $126.83 and a 12-month high of $200.94. The stock has a market cap of $524.99 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $188.11 and a two-hundred day simple moving average of $167.61.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, analysts forecast that JPMorgan Chase & Co. will post 15.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of analyst reports. Oppenheimer cut their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Bank of America upped their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a report on Tuesday, January 16th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $189.11.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.