PGGM Investments Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

PGGM Investments increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 243,034 shares of the financial services provider’s stock after purchasing an additional 33,716 shares during the quarter. PGGM Investments’ holdings in JPMorgan Chase & Co. were worth $41,340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after purchasing an additional 201,441 shares during the last quarter. FMR LLC increased its stake in JPMorgan Chase & Co. by 1.2% in the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after purchasing an additional 606,382 shares during the period. Wellington Management Group LLP lifted its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Northern Trust Corp boosted its stake in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after purchasing an additional 871,091 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in JPMorgan Chase & Co. by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after buying an additional 457,184 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of 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 filing with the SEC, which is available at the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 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 $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’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 sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.6 %

Shares of JPM stock opened at $190.51 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm has a market capitalization of $547.16 billion, a PE ratio of 11.50, a P/E/G ratio of 2.41 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock’s 50-day simple moving average is $191.27 and its 200-day simple moving average is $171.84.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company raised their target price 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. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. 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.