State of Wyoming Purchases 2,700 Shares of JPMorgan Chase & Co. (NYSE:JPM)

State of Wyoming grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 93.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,604 shares of the financial services provider’s stock after acquiring an additional 2,700 shares during the quarter. State of Wyoming’s holdings in JPMorgan Chase & Co. were worth $1,343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after buying an additional 876,417 shares during the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $8,310,884,000. Northern Trust Corp increased its stake in shares of JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock valued at $8,113,147,000 after buying an additional 4,515,147 shares during the period. Capital Research Global Investors increased its stake in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider’s stock valued at $5,475,223,000 after buying an additional 1,914,049 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider’s stock valued at $4,818,905,000 after purchasing an additional 71,122 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of JPM opened at $267.65 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. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The stock has a market capitalization of $743.83 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.83 and a beta of 1.07. The stock has a 50 day moving average price of $240.72 and a 200 day moving average price of $247.08.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.44 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating on the stock. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Finally, Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.26.

Insider Activity

In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock valued at $33,095,363 in the last quarter. 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.