Charles Schwab Investment Management Inc. Has $3.39 Billion Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,170,399 shares of the financial services provider’s stock after purchasing an additional 154,426 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Charles Schwab Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,389,329,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were 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 of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders sold a total of 1,066,506 shares of company stock valued at $195,621,185 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $198.77 on Friday. JPMorgan Chase & Co. has a 1-year low of $133.13 and a 1-year high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $192.47 and a 200 day simple moving average of $173.89. The stock has a market capitalization of $570.80 billion, a PE ratio of 12.00, a P/E/G ratio of 2.44 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, research analysts expect that JPMorgan Chase & Co. will post 16.21 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analysts Set New Price Targets

Several analysts have commented on JPM shares. Piper Sandler dropped their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. UBS Group dropped their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Check Out Our Latest Research Report on JPM

About JPMorgan Chase & Co.

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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