Asset Management One Co. Ltd. Acquires 67,493 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Asset Management One Co. Ltd. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,378,713 shares of the financial services provider’s stock after purchasing an additional 67,493 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Asset Management One Co. Ltd.’s portfolio, making the stock its 12th largest holding. Asset Management One Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $338,198,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $471,000. Disciplined Investments LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $217,000. LGT Group Foundation lifted its stake in JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider’s stock valued at $126,040,000 after purchasing an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. lifted its stake in JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock valued at $10,483,000 after purchasing an additional 4,375 shares during the last quarter. Finally, Jag Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer now directly owns 68,583 shares in the company, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Securities reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Royal Bank Of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Piper Sandler restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $273.15.

JPMorgan Chase & Co. Trading Down 0.5%

JPM opened at $287.31 on Friday. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $289.41. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average of $261.55 and a 200-day moving average of $252.76. The stock has a market cap of $798.45 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.08.

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, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.44 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

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.