Fullerton Fund Management Co Ltd. Has $211.24 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Fullerton Fund Management Co Ltd. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 147.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 881,220 shares of the financial services provider’s stock after purchasing an additional 525,631 shares during the quarter. JPMorgan Chase & Co. comprises about 7.4% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 2nd largest holding. Fullerton Fund Management Co Ltd.’s holdings in JPMorgan Chase & Co. were worth $211,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays increased their price objective 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. Finally, Truist Financial set a $261.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $255.67.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $253.20 on Friday. The company has a market cap of $704.65 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company has a fifty day simple moving average of $238.28 and a 200 day simple moving average of $245.52.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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 company had revenue of $45.30 billion for 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 company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.44 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.21%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the transaction, the director now owns 91,539 shares of the company’s stock, valued at $22,884,750. This represents a 9.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock valued at $33,095,363 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

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.