Ceredex Value Advisors LLC Acquires 23,518 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ceredex Value Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.8% during the fourth quarter, Holdings Channel reports. The fund owned 263,774 shares of the financial services provider’s stock after acquiring an additional 23,518 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Ceredex Value Advisors LLC’s holdings, making the stock its 18th biggest holding. Ceredex Value Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $63,229,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $8,310,884,000. Proficio Capital Partners LLC grew its stake in JPMorgan Chase & Co. by 34,259.3% in the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider’s stock valued at $838,865,000 after buying an additional 3,489,314 shares during the last quarter. APG Asset Management N.V. grew its stake in JPMorgan Chase & Co. by 457.7% in the 4th quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider’s stock valued at $630,925,000 after buying an additional 2,236,740 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $259,038,000. Finally, Franklin Resources Inc. lifted its position in JPMorgan Chase & Co. by 7.2% during the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock worth $3,338,955,000 after acquiring an additional 1,016,289 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.7 %

Shares of JPM opened at $233.04 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The firm has a market cap of $648.54 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.83 and a beta of 1.01. The business’s fifty day moving average is $247.29 and its 200-day moving average is $242.36.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.44 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JPM shares. StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $254.11.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.