FUKOKU MUTUAL LIFE INSURANCE Co Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 174,600 shares of the financial services provider’s stock after acquiring an additional 14,500 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.3% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 14th biggest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in JPMorgan Chase & Co. were worth $25,320,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $566,000. Canada Pension Plan Investment Board increased its holdings in shares of JPMorgan Chase & Co. by 38.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,763,385 shares of the financial services provider’s stock valued at $400,746,000 after acquiring an additional 761,000 shares during the last quarter. Herold Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 7.1% in the 3rd quarter. Herold Advisors Inc. now owns 35,296 shares of the financial services provider’s stock valued at $5,118,000 after acquiring an additional 2,348 shares during the last quarter. BCGM Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 3rd quarter. BCGM Wealth Management LLC now owns 18,434 shares of the financial services provider’s stock valued at $2,673,000 after acquiring an additional 601 shares during the last quarter. Finally, Financial Security Advisor Inc. purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $367,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM opened at $175.01 on Monday. 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 business has a 50 day simple moving average of $168.65 and a 200-day simple moving average of $155.28. The stock has a market capitalization of $503.44 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Bank of America raised their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays raised their price target on 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 research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Stock Analysis on JPM

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 in the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. 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.

Featured Stories

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.