Meeder Advisory Services Inc. Buys 289 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Meeder Advisory Services Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,066 shares of the financial services provider’s stock after acquiring an additional 289 shares during the quarter. JPMorgan Chase & Co. makes up 1.0% of Meeder Advisory Services Inc.’s portfolio, making the stock its 21st largest holding. Meeder Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $16,076,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares during the last quarter. United Bank lifted its position in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after buying an additional 614 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 13.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 42,511 shares of the financial services provider’s stock worth $8,964,000 after purchasing an additional 5,152 shares in the last quarter. Redwood Investment Management LLC boosted its position in JPMorgan Chase & Co. by 104.7% in the 3rd quarter. Redwood Investment Management LLC now owns 3,969 shares of the financial services provider’s stock valued at $837,000 after buying an additional 2,030 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc boosted its holdings in JPMorgan Chase & Co. by 6.6% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 52,029 shares of the financial services provider’s stock valued at $10,971,000 after acquiring an additional 3,208 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $210.09 on Friday. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The firm’s 50-day simple moving average is $254.71 and its 200 day simple moving average is $241.29. The firm has a market cap of $587.43 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.83 and a beta of 1.01. 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. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.67%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Wolfe Research upgraded 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. Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $254.83.

JPMorgan Chase & Co. Company Profile

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.