Bank Julius Baer & Co. Ltd Zurich Has $366.40 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Bank Julius Baer & Co. Ltd Zurich raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,154,041 shares of the financial services provider’s stock after buying an additional 30,891 shares during the period. JPMorgan Chase & Co. comprises 1.9% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 12th largest position. Bank Julius Baer & Co. Ltd Zurich’s holdings in JPMorgan Chase & Co. were worth $366,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. VCI Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $406,000. Stevens Capital Management LP increased its position in shares of JPMorgan Chase & Co. by 313.7% in the 4th quarter. Stevens Capital Management LP now owns 66,672 shares of the financial services provider’s stock valued at $11,341,000 after buying an additional 50,555 shares in the last quarter. Abbrea Capital LLC increased its position in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Abbrea Capital LLC now owns 45,648 shares of the financial services provider’s stock valued at $7,765,000 after buying an additional 635 shares in the last quarter. Syon Capital LLC raised its stake in JPMorgan Chase & Co. by 14.1% during the 4th quarter. Syon Capital LLC now owns 28,527 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 3,517 shares during the period. Finally, Meritage Portfolio Management lifted its holdings in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Meritage Portfolio Management now owns 60,320 shares of the financial services provider’s stock worth $10,260,000 after acquiring an additional 843 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. BMO Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $191.86 on Thursday. The stock has a market cap of $551.04 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.42 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94. The business’s 50 day moving average is $191.10 and its 200-day moving average is $171.70.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 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.