JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Prudential PLC

Prudential PLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 44.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,284 shares of the financial services provider’s stock after purchasing an additional 74,205 shares during the period. Prudential PLC’s holdings in JPMorgan Chase & Co. were worth $32,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Lakeside Advisors INC. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $228,000. Bell Investment Advisors Inc lifted its stake in JPMorgan Chase & Co. by 45.7% in the fourth quarter. Bell Investment Advisors Inc now owns 1,161 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 364 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in JPMorgan Chase & Co. by 11.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock worth $45,128,000 after acquiring an additional 34,068 shares during the last quarter. Nixon Peabody Trust Co. lifted its stake in JPMorgan Chase & Co. by 76.2% in the fourth quarter. Nixon Peabody Trust Co. now owns 29,371 shares of the financial services provider’s stock worth $3,939,000 after acquiring an additional 12,705 shares during the last quarter. Finally, Connolly Sarah T. lifted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Connolly Sarah T. now owns 26,162 shares of the financial services provider’s stock worth $3,508,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $134.10 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The stock has a market cap of $391.88 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. The firm’s fifty day simple moving average is $133.39 and its 200-day simple moving average is $135.09.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. During the same period in the prior year, the company posted $2.63 EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were given a $1.00 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.98%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Barclays decreased their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Credit Suisse Group boosted their price objective on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.28.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.