Public Employees Retirement Association of Colorado Has $296.37 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,479,653 shares of the financial services provider’s stock after selling 39,316 shares during the period. JPMorgan Chase & Co. makes up about 1.3% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 12th biggest position. Public Employees Retirement Association of Colorado owned approximately 0.05% of JPMorgan Chase & Co. worth $296,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Capital International Investors raised its holdings in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after acquiring an additional 778,297 shares in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $6,016,878,000. Capital World Investors lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock valued at $6,894,729,000 after buying an additional 150,812 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock valued at $3,629,757,000 after buying an additional 695,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock worth $3,389,329,000 after buying an additional 154,426 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on JPM. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $202.89.

JPMorgan Chase & Co. Stock Down 0.7 %

NYSE JPM opened at $210.85 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The stock has a market cap of $605.49 billion, a PE ratio of 11.76, a PEG ratio of 2.49 and a beta of 1.12. The firm has a 50-day simple moving average of $202.69 and a 200 day simple moving average of $192.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter last year, the company earned $4.37 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In other news, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at approximately $113,465,006.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by corporate insiders.

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.