Ferguson Wellman Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 744,097 shares of the financial services provider’s stock after buying an additional 276,812 shares during the period. JPMorgan Chase & Co. makes up about 2.6% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $99,783,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Vanguard Group Inc. raised its position in JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Price T Rowe Associates Inc. MD raised its position in JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after purchasing an additional 5,978,393 shares during the period. Legal & General Group Plc raised its position in JPMorgan Chase & Co. by 4.2% during the second quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after purchasing an additional 847,094 shares during the period. Dimensional Fund Advisors LP raised its position in JPMorgan Chase & Co. by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after purchasing an additional 1,058,790 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in JPMorgan Chase & Co. by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after purchasing an additional 805,196 shares during the period. 67.89% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
Shares of JPM opened at $127.18 on Thursday. The stock has a 50-day moving average of $138.45 and a two-hundred day moving average of $129.61. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $374.34 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.95 and a beta of 1.12.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.15%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
JPM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. Barclays increased their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Piper Sandler increased their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Finally, Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.
About JPMorgan Chase & Co.
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.
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