JPMorgan Chase & Co. (NYSE:JPM) is Dimensional Fund Advisors LP’s 6th Largest Position

Dimensional Fund Advisors LP decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 21,292,349 shares of the financial services provider’s stock after selling 560,532 shares during the period. JPMorgan Chase & Co. accounts for 1.2% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 6th largest holding. Dimensional Fund Advisors LP’s holdings in JPMorgan Chase & Co. were worth $5,104,004,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. Dnca Finance boosted its position in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Dnca Finance now owns 83,866 shares of the financial services provider’s stock valued at $20,104,000 after purchasing an additional 2,100 shares in the last quarter. Elevatus Welath Management boosted its holdings in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Elevatus Welath Management now owns 4,962 shares of the financial services provider’s stock valued at $1,189,000 after acquiring an additional 679 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of JPMorgan Chase & Co. by 6.2% in the fourth quarter. First Trust Advisors LP now owns 1,788,544 shares of the financial services provider’s stock worth $428,732,000 after buying an additional 104,355 shares during the last quarter. Forum Financial Management LP raised its stake in shares of JPMorgan Chase & Co. by 3.5% during the 4th quarter. Forum Financial Management LP now owns 82,979 shares of the financial services provider’s stock worth $19,891,000 after buying an additional 2,820 shares during the period. Finally, Frederick Financial Consultants LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $268,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % 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, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,545 shares of company stock worth $19,149,144. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JPM. 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 report on Tuesday, April 1st. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a “hold” rating on the stock. Finally, Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $255.67.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM opened at $231.79 on Friday. The business’s fifty day simple moving average is $244.72 and its 200 day simple moving average is $242.59. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $645.07 billion, a P/E ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $181.41 and a 52 week high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.42%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.