NewEdge Advisors LLC Has $154.29 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

NewEdge Advisors LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643,658 shares of the financial services provider’s stock after acquiring an additional 38,569 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of NewEdge Advisors LLC’s holdings, making the stock its 12th largest holding. NewEdge Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $154,291,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $8,310,884,000. Proficio Capital Partners LLC increased its stake in 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 valued at $838,865,000 after acquiring an additional 3,489,314 shares during the period. APG Asset Management N.V. raised its position in JPMorgan Chase & Co. by 457.7% in 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 purchasing an additional 2,236,740 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $259,038,000. Finally, Franklin Resources Inc. boosted its holdings in JPMorgan Chase & Co. by 7.2% during the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. StockNews.com cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $254.11.

JPMorgan Chase & Co. Stock Down 0.7 %

NYSE JPM opened at $233.04 on Wednesday. The stock has a market capitalization of $648.54 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. 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 fifty day moving average of $247.29 and a 200-day moving average of $242.36.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. 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.