German American Bancorp Inc. Purchases 1,467 Shares of JPMorgan Chase & Co. (NYSE:JPM)

German American Bancorp Inc. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,056 shares of the financial services provider’s stock after acquiring an additional 1,467 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.2% of German American Bancorp Inc.’s investment portfolio, making the stock its 13th biggest position. German American Bancorp Inc.’s holdings in JPMorgan Chase & Co. were worth $21,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Principal Financial Group Inc. raised its position in shares of JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank increased its stake in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after acquiring an additional 614 shares during the period. Groupama Asset Managment raised its holdings in JPMorgan Chase & Co. by 7.8% in the 3rd quarter. Groupama Asset Managment now owns 429,014 shares of the financial services provider’s stock valued at $905,000 after acquiring an additional 30,867 shares in the last quarter. High Falls Advisors Inc lifted its position in shares of JPMorgan Chase & Co. by 4.5% during the 3rd quarter. High Falls Advisors Inc now owns 6,388 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 277 shares during the period. Finally, Brophy Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $3,231,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $216.44 on Wednesday. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The business has a 50-day simple moving average of $251.66 and a 200 day simple moving average of $241.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $605.19 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.59%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares of the company’s stock, valued at $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays boosted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America cut their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.83.

About JPMorgan Chase & Co.

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.