JPMorgan Chase & Co. (NYSE:JPM) Stake Raised by MML Investors Services LLC

by · The Cerbat Gem

MML Investors Services LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,057 shares of the financial services provider’s stock after acquiring an additional 31,391 shares during the quarter. JPMorgan Chase & Co. makes up 0.7% of MML Investors Services LLC’s investment portfolio, making the stock its 21st largest holding. MML Investors Services LLC’s holdings in JPMorgan Chase & Co. were worth $207,603,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JPM. Mach 1 Financial Group LLC grew its position in JPMorgan Chase & Co. by 10.8% during the fourth quarter. Mach 1 Financial Group LLC now owns 4,843 shares of the financial services provider’s stock valued at $1,161,000 after purchasing an additional 474 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 745,082 shares of the financial services provider’s stock valued at $178,604,000 after acquiring an additional 4,879 shares in the last quarter. Norinchukin Bank The increased its stake in shares of JPMorgan Chase & Co. by 7.2% in the fourth quarter. Norinchukin Bank The now owns 137,301 shares of the financial services provider’s stock worth $32,912,000 after acquiring an additional 9,233 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in JPMorgan Chase & Co. by 49.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 597,395 shares of the financial services provider’s stock valued at $143,202,000 after purchasing an additional 196,750 shares during the last quarter. Finally, BOS Asset Management LLC grew its stake in JPMorgan Chase & Co. by 2.6% in the fourth quarter. BOS Asset Management LLC now owns 11,726 shares of the financial services provider’s stock valued at $2,811,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock worth $19,149,144 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JPM shares. Bank of America lowered their price target on 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. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted 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 report on Friday, March 7th. Finally, Barclays upped their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One research 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 presently has an average rating of “Hold” and a consensus price target of $255.67.

Get Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPM opened at $231.79 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a 50-day simple moving average of $244.72 and a 200-day simple moving average of $242.83. JPMorgan Chase & Co. has a 52 week low of $185.98 and a 52 week high of $280.25. The firm has a market capitalization of $645.07 billion, a P/E ratio of 11.74, a P/E/G ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. 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 2.42%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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