Amundi Pioneer Asset Management Inc. Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)


Share on StockTwits

Amundi Pioneer Asset Management Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,057,562 shares of the financial services provider’s stock after purchasing an additional 432,849 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.13% of JPMorgan Chase & Co. worth $515,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Trust Asset Management LLC grew its position in JPMorgan Chase & Co. by 78.1% during the third quarter. Trust Asset Management LLC now owns 15,674 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 6,873 shares during the period. United Bank grew its position in JPMorgan Chase & Co. by 5.7% during the third quarter. United Bank now owns 25,171 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 1,364 shares during the period. Wealth Alliance grew its position in JPMorgan Chase & Co. by 7.9% during the third quarter. Wealth Alliance now owns 17,804 shares of the financial services provider’s stock valued at $1,714,000 after buying an additional 1,297 shares during the period. Earnest Partners LLC grew its position in JPMorgan Chase & Co. by 11.6% during the third quarter. Earnest Partners LLC now owns 158,757 shares of the financial services provider’s stock valued at $15,284,000 after buying an additional 16,472 shares during the period. Finally, Financial Advisory Service Inc. grew its position in JPMorgan Chase & Co. by 6.4% during the third quarter. Financial Advisory Service Inc. now owns 9,279 shares of the financial services provider’s stock valued at $893,000 after buying an additional 558 shares during the period. 69.02% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Douglas B. Petno sold 22,011 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. Company insiders own 0.78% of the company’s stock.

Several analysts recently issued reports on the stock. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 19th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, January 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $138.89.

Shares of JPM opened at $154.93 on Thursday. JPMorgan Chase & Co. has a twelve month low of $82.40 and a twelve month high of $161.69. The company has a market cap of $472.77 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $152.02 and its 200-day simple moving average is $126.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, January 14th. The financial services provider reported $3.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $1.17. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.22 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 7.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Tuesday, April 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, April 5th. This represents a $3.60 dividend on an annualized basis and a yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Recommended Story: How does a dividend reinvestment plan work?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.