Ilmarinen Mutual Pension Insurance Co Has $109.76 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Ilmarinen Mutual Pension Insurance Co raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 36.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 457,869 shares of the financial services provider’s stock after acquiring an additional 123,300 shares during the quarter. JPMorgan Chase & Co. makes up about 0.9% of Ilmarinen Mutual Pension Insurance Co’s portfolio, making the stock its 13th largest holding. Ilmarinen Mutual Pension Insurance Co’s holdings in JPMorgan Chase & Co. were worth $109,756,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of JPM. Rahlfs Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $201,000. Hurley Capital LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $1,541,000. Envestnet Asset Management Inc. raised its holdings in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,083,363 shares of the financial services provider’s stock worth $1,697,953,000 after purchasing an additional 67,065 shares during the last quarter. Perennial Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Perennial Investment Advisors LLC now owns 9,285 shares of the financial services provider’s stock worth $2,226,000 after purchasing an additional 81 shares during the period. Finally, Aviva PLC boosted its stake in shares of JPMorgan Chase & Co. by 5.8% in the 4th quarter. Aviva PLC now owns 1,851,809 shares of the financial services provider’s stock valued at $443,897,000 after purchasing an additional 102,319 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America dropped their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $254.83.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $210.09 on Monday. The stock has a market cap of $587.43 billion, a price-to-earnings ratio of 10.64, a PEG 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. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The firm’s 50-day simple moving average is $254.71 and its 200 day simple moving average is $241.75.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 analyst estimates of $41.90 billion. During the same quarter last year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. 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.