Mizuho Securities Co. Ltd. Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Mizuho Securities Co. Ltd. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,649.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,499 shares of the financial services provider’s stock after purchasing an additional 3,299 shares during the quarter. JPMorgan Chase & Co. comprises 0.1% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 28th biggest position. Mizuho Securities Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $366,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HBC Financial Services PLLC grew its stake in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Grayhawk Investment Strategies Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $32,000. Financial Connections Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Horizons Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. Finally, New Millennium Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. 67.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JPM shares. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a research note on Tuesday, January 17th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. The Goldman Sachs Group dropped their price target on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 46,336 shares of company stock worth $6,372,156 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.2 %

NYSE JPM opened at $135.08 on Monday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The business’s fifty day simple moving average is $134.60 and its 200-day simple moving average is $122.80. The firm has a market cap of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same quarter in the previous year, the firm earned $3.33 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.