Marest Capital LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Marest Capital LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the first quarter, HoldingsChannel.com reports. The fund owned 16,618 shares of the financial services provider’s stock after buying an additional 135 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.1% of Marest Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Marest Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Capital International Investors increased its holdings in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $6,016,878,000. Dimensional Fund Advisors LP raised its stake in JPMorgan Chase & Co. by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock worth $3,629,757,000 after buying an additional 695,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock worth $3,389,329,000 after buying an additional 154,426 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Evercore ISI restated an “outperform” rating and issued a $210.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, 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 SEC, which can be accessed through this hyperlink. In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $204.79 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $210.38. The business’s 50 day moving average price is $198.41 and its 200 day moving average price is $187.58. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $588.09 billion, a P/E ratio of 12.37, a P/E/G ratio of 2.79 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that JPMorgan Chase & Co. will post 16.5 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.