BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,053,483 shares of the financial services provider’s stock after acquiring an additional 86,138 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s investment portfolio, making the stock its 10th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in JPMorgan Chase & Co. were worth $102,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors boosted its holdings in JPMorgan Chase & Co. by 5.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock worth $2,223,000 after purchasing an additional 1,269 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 2,115.6% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock worth $3,388,000 after purchasing an additional 33,870 shares during the last quarter. Meridian Financial Partners LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $237,000. CMH Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 1,066.8% during the fourth quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock worth $2,447,000 after purchasing an additional 22,915 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its holdings in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 350 shares during the last quarter. 71.46% of the stock is owned by institutional investors.

Several research analysts recently commented on JPM shares. Barclays restated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $130.00 price target (up previously from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Finally, Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $123.85.

In other news, CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the transaction, the chief executive officer now directly owns 259,386 shares of the company’s stock, valued at $28,465,019.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson acquired 1,700 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now directly owns 7,485 shares of the company’s stock, valued at $855,236.10. The disclosure for this purchase can be found here. Insiders sold 157,573 shares of company stock worth $17,293,454 over the last three months. Insiders own 0.76% of the company’s stock.

Shares of JPM stock opened at $110.68 on Wednesday. The firm has a market capitalization of $354.11 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.56 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. The firm had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same quarter last year, the company posted $2.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 10.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.

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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 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, payment processing, auto loan, and leasing services.

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

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