Fidelis Capital Partners LLC Acquires 6,355 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fidelis Capital Partners LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 21.0% in the 1st quarter, Holdings Channel reports. The fund owned 36,681 shares of the financial services provider’s stock after purchasing an additional 6,355 shares during the quarter. JPMorgan Chase & Co. comprises 1.3% of Fidelis Capital Partners LLC’s portfolio, making the stock its 15th biggest holding. Fidelis Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $7,347,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital International Investors lifted its position in JPMorgan Chase & Co. by 5.4% in the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after purchasing an additional 2,128,478 shares during the period. Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $6,016,878,000. Dimensional Fund Advisors LP raised its stake in JPMorgan Chase & Co. by 3.4% during 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 acquiring an additional 695,502 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 154,426 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in JPMorgan Chase & Co. by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 11,849,090 shares of the financial services provider’s stock worth $2,015,530,000 after acquiring an additional 462,290 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. 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 transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock worth $46,962,717 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Evercore ISI restated an “outperform” rating and issued a $210.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. Finally, Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $196.58.

JPMorgan Chase & Co. Trading Down 0.2 %

NYSE:JPM opened at $207.43 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $210.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $595.67 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The business’s 50-day simple moving average is $199.59 and its 200-day simple moving average is $188.54.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.47 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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.