Wellington Management Group LLP Has $7.03 Billion Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Wellington Management Group LLP lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,330,608 shares of the financial services provider’s stock after selling 468,913 shares during the quarter. JPMorgan Chase & Co. comprises 1.3% of Wellington Management Group LLP’s holdings, making the stock its 10th largest holding. Wellington Management Group LLP owned 1.05% of JPMorgan Chase & Co. worth $7,030,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $34,000. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Collier Financial purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $45,000. Lowe Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,545 shares of company stock worth $19,149,144 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $252.56 on Friday. The stock has a market capitalization of $702.87 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 2.83 and a beta of 1.01. The stock has a 50-day moving average of $238.97 and a 200 day moving average of $244.57. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the prior year, the company posted $4.44 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.22%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Evercore ISI cut their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Truist Financial set a $261.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $255.67.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.