Sumitomo Mitsui Financial Group Inc. Has $11.02 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sumitomo Mitsui Financial Group Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,956 shares of the financial services provider’s stock after buying an additional 3,742 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $11,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPM. Moneta Group Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $3,894,646,000. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Barclays PLC boosted its holdings in JPMorgan Chase & Co. by 51.6% during the second quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock valued at $1,225,037,000 after purchasing an additional 2,868,091 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,072 shares of company stock valued at $6,297,103. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $175.43 on Thursday. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company has a 50 day moving average of $167.91 and a 200-day moving average of $155.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market cap of $504.65 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.57 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.85 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.39%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Analyst Ratings Changes

Several research firms recently commented on JPM. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, November 2nd. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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