Parthenon LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Parthenon LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,746 shares of the financial services provider’s stock after acquiring an additional 227 shares during the quarter. Parthenon LLC’s holdings in JPMorgan Chase & Co. were worth $7,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Hartford Funds Management Co LLC increased its position in shares of JPMorgan Chase & Co. by 26.4% during the fourth quarter. Hartford Funds Management Co LLC now owns 13,157 shares of the financial services provider’s stock worth $2,238,000 after acquiring an additional 2,745 shares during the period. St. Louis Trust Co increased its position in shares of JPMorgan Chase & Co. by 1.3% during the fourth quarter. St. Louis Trust Co now owns 19,290 shares of the financial services provider’s stock worth $3,281,000 after acquiring an additional 250 shares during the period. Savant Capital LLC increased its position in shares of JPMorgan Chase & Co. by 5.3% during the fourth quarter. Savant Capital LLC now owns 122,977 shares of the financial services provider’s stock worth $20,918,000 after acquiring an additional 6,200 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.0% during the fourth quarter. Bridgewater Advisors Inc. now owns 37,625 shares of the financial services provider’s stock worth $6,400,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 15.4% during the fourth quarter. Brighton Jones LLC now owns 40,649 shares of the financial services provider’s stock worth $6,914,000 after purchasing an additional 5,430 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders sold 1,042,525 shares of company stock valued at $190,961,526 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $191.96 on Tuesday. The company has a 50-day simple moving average of $191.58 and a 200-day simple moving average of $172.82. JPMorgan Chase & Co. has a one year low of $133.13 and a one year high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $551.25 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, analysts predict that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $192.05.

About JPMorgan Chase & Co.

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.