Illinois Municipal Retirement Fund Purchases 28,034 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Illinois Municipal Retirement Fund raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 208,208 shares of the financial services provider’s stock after purchasing an additional 28,034 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.6% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 17th biggest holding. Illinois Municipal Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $35,416,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PDS Planning Inc increased its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. PDS Planning Inc now owns 38,162 shares of the financial services provider’s stock worth $6,491,000 after acquiring an additional 840 shares during the last quarter. Aspire Private Capital LLC boosted its position in JPMorgan Chase & Co. by 715.0% during the fourth quarter. Aspire Private Capital LLC now owns 3,806 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 3,339 shares during the period. Gimbal Financial bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $302,000. Garrison Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 30.7% during the 4th quarter. Garrison Asset Management LLC now owns 2,560 shares of the financial services provider’s stock worth $435,000 after buying an additional 601 shares during the last quarter. Finally, Scott & Selber Inc. grew its stake in JPMorgan Chase & Co. by 2.2% in the 4th quarter. Scott & Selber Inc. now owns 26,387 shares of the financial services provider’s stock valued at $4,488,000 after buying an additional 579 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE JPM opened at $193.30 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $555.17 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The business’s 50-day moving average price is $190.64 and its two-hundred day moving average price is $171.25.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the firm’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 completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by insiders.

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.