Sumitomo Mitsui DS Asset Management Company Ltd Sells 11,327 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 664,775 shares of the financial services provider’s stock after selling 11,327 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 8th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in JPMorgan Chase & Co. were worth $159,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. in the third quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at $27,000. New England Capital Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares in the last quarter. Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 36.0% in the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 50 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in JPMorgan Chase & Co. in the third quarter valued at $45,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM opened at $276.61 on Friday. The stock has a market capitalization of $778.74 billion, a P/E ratio of 14.01, a PEG ratio of 2.94 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $252.44 and a two-hundred day simple moving average of $232.17. JPMorgan Chase & Co. has a twelve month low of $176.15 and a twelve month high of $279.23.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JPM shares. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.