AIA Group Ltd Has $10.29 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AIA Group Ltd raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 39.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,471 shares of the financial services provider’s stock after buying an additional 17,007 shares during the period. AIA Group Ltd’s holdings in JPMorgan Chase & Co. were worth $10,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Buttonwood Financial Advisors Inc. increased its position in JPMorgan Chase & Co. by 1.6% in the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 5,994 shares of the financial services provider’s stock valued at $869,000 after acquiring an additional 92 shares during the period. Bard Financial Services Inc. increased its holdings in JPMorgan Chase & Co. by 0.4% in the third quarter. Bard Financial Services Inc. now owns 58,715 shares of the financial services provider’s stock valued at $8,515,000 after purchasing an additional 250 shares during the period. PPS&V Asset Management Consultants Inc. bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $200,000. First PREMIER Bank lifted its holdings in JPMorgan Chase & Co. by 29.1% during the 3rd quarter. First PREMIER Bank now owns 26,728 shares of the financial services provider’s stock worth $3,877,000 after buying an additional 6,017 shares during the period. Finally, Naples Global Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Naples Global Advisors LLC now owns 68,137 shares of the financial services provider’s stock valued at $9,881,000 after buying an additional 2,127 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $193.28 on Friday. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The company has a market cap of $555.12 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.42 and a beta of 1.15. The company’s fifty day moving average price is $190.07 and its two-hundred day moving average price is $170.23. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. UBS Group cut their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Piper Sandler lowered their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

About JPMorgan Chase & Co.

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.