AIA Group Ltd Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AIA Group Ltd increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 39.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,471 shares of the financial services provider’s stock after acquiring an additional 17,007 shares during the period. AIA Group Ltd’s holdings in JPMorgan Chase & Co. were worth $10,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ninety One SA PTY Ltd boosted its holdings in JPMorgan Chase & Co. by 2.9% in the fourth quarter. Ninety One SA PTY Ltd now owns 167,364 shares of the financial services provider’s stock worth $28,469,000 after acquiring an additional 4,677 shares in the last quarter. Cambridge Trust Co. raised its position in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Cambridge Trust Co. now owns 310,562 shares of the financial services provider’s stock worth $52,827,000 after purchasing an additional 1,974 shares during the last quarter. Smead Capital Management Inc. boosted its stake in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 1,391,211 shares of the financial services provider’s stock worth $236,645,000 after purchasing an additional 9,782 shares in the last quarter. Twin Capital Management Inc. grew its position in JPMorgan Chase & Co. by 4.3% during the 4th quarter. Twin Capital Management Inc. now owns 77,365 shares of the financial services provider’s stock valued at $13,160,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Delta Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Delta Financial Advisors LLC now owns 15,110 shares of the financial services provider’s stock valued at $2,570,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

NYSE:JPM opened at $193.28 on Friday. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The business has a fifty day moving average price of $190.07 and a 200-day moving average price of $170.23. The firm has a market capitalization of $555.12 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This is a boost 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 yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JPM. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Bank of America increased 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. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. UBS Group dropped their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

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.