JPMorgan Chase & Co. (NYSE:JPM) Stock Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 395,604 shares of the financial services provider’s stock after buying an additional 8,189 shares during the period. JPMorgan Chase & Co. makes up 0.7% of D.A. Davidson & CO.’s holdings, making the stock its 27th largest position. D.A. Davidson & CO.’s holdings in JPMorgan Chase & Co. were worth $67,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Morgan Stanley raised its position in JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares during the period. FMR LLC raised its position in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the period. Wellington Management Group LLP raised its position in JPMorgan Chase & Co. by 12.2% during the third 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 buying an additional 4,603,090 shares during the period. Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $6,016,878,000. Finally, Northern Trust Corp raised its position in JPMorgan Chase & Co. by 2.7% during the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after buying an additional 871,091 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lori A. Beer sold 5,298 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $198.29 on Thursday. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $569.42 billion, a PE ratio of 11.97, a P/E/G ratio of 1.75 and a beta of 1.13. The stock has a 50-day simple moving average of $194.32 and a 200 day simple moving average of $177.52.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping 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 return on equity of 17.79% and a net margin of 20.05%. Research analysts anticipate that JPMorgan Chase & Co. will post 16.31 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, UBS Group boosted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

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.