JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,243 shares of the financial services provider’s stock after purchasing an additional 72,956 shares during the period. JPMorgan Chase & Co. makes up about 0.8% of Quantinno Capital Management LP’s holdings, making the stock its 11th largest holding. Quantinno Capital Management LP’s holdings in JPMorgan Chase & Co. were worth $79,882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Norges Bank purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $8,310,884,000. Northern Trust Corp increased its holdings in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock worth $8,113,147,000 after buying an additional 4,515,147 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of JPMorgan Chase & Co. by 34,259.3% in the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider’s stock worth $838,865,000 after acquiring an additional 3,489,314 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of JPMorgan Chase & Co. by 31.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider’s stock valued at $2,561,256,000 after buying an additional 2,551,899 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of JPMorgan Chase & Co. by 457.7% during the fourth quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider’s stock worth $630,925,000 after buying an additional 2,236,740 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer now directly owns 68,583 shares in the company, valued at $17,197,873.08. This represents a 8.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were 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 approximately $42,737,529.04. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,188 shares of company stock valued at $33,095,363. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a “hold” rating on the stock. Barclays lifted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI cut their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Finally, Bank of America decreased their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $255.67.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $262.92 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market capitalization of $730.68 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.83 and a beta of 1.07. The stock’s 50 day moving average price is $238.77 and its two-hundred day moving average price is $246.19. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

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.