Robeco Institutional Asset Management B.V. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 13.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,805 shares of the financial services provider’s stock after purchasing an additional 88,234 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in JPMorgan Chase & Co. were worth $98,880,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Moneta Group Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $3,894,646,000. Price T Rowe Associates Inc. MD raised its holdings in JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after acquiring an additional 12,654,947 shares during the period. Morgan Stanley raised its holdings in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $556,791,000. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Price Performance
NYSE:JPM opened at $155.48 on Thursday. The firm has a market cap of $454.36 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.38. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $145.57 and its two-hundred day moving average price is $139.62.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.74%.
Analysts Set New Price Targets
Several research analysts recently commented on JPM shares. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Finally, Credit Suisse Group raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.39.
Check Out Our Latest Report on JPMorgan Chase & Co.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now directly owns 282,091 shares of the company’s stock, valued at $38,054,075.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the completion of the transaction, the chief executive officer now directly owns 282,091 shares of the company’s stock, valued at $38,054,075.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,861 shares of company stock valued at $19,858,275. Insiders own 0.79% of the company’s stock.
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
Read More
- Five stocks we like better than JPMorgan Chase & Co.
- How Investors Can Find the Best Cheap Dividend Stocks
- 5 Best Office REITs to Buy Now
- What is the Nikkei 225 index?
- Camping World Slashes its Dividend but Should You Cut the Stock?
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- SoFi Downgraded: Here’s How To Still Make Money
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
