Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of JPMorgan Chase (NYSE:JPM) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754,937 shares of the financial services provider’s stock after buying an additional 48,077 shares during the quarter. JPMorgan Chase comprises 1.8% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 5th biggest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in JPMorgan Chase were worth $81,578,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Stifel Financial Corp raised its position in JPMorgan Chase by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after purchasing an additional 4,305,449 shares in the last quarter. Jennison Associates LLC raised its position in shares of JPMorgan Chase by 14.2% in the 3rd quarter. Jennison Associates LLC now owns 15,376,102 shares of the financial services provider’s stock worth $1,468,571,000 after acquiring an additional 1,915,039 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of JPMorgan Chase by 62.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 4,398,186 shares of the financial services provider’s stock worth $420,070,000 after acquiring an additional 1,692,999 shares in the last quarter. Caxton Associates LP raised its position in shares of JPMorgan Chase by 18,506.8% in the 3rd quarter. Caxton Associates LP now owns 1,097,800 shares of the financial services provider’s stock worth $104,851,000 after acquiring an additional 1,091,900 shares in the last quarter. Finally, CI Investments Inc. raised its position in shares of JPMorgan Chase by 147.8% in the 4th quarter. CI Investments Inc. now owns 1,805,968 shares of the financial services provider’s stock worth $193,130,000 after acquiring an additional 1,077,106 shares in the last quarter. Institutional investors and hedge funds own 72.18% of the company’s stock.
NYSE JPM opened at $111.13 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33. The stock has a market cap of $381.39 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.84 and a beta of 1.24.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.
JPM has been the topic of several research analyst reports. BMO Capital Markets restated a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase in a research note on Friday, April 13th. Morgan Stanley dropped their price target on JPMorgan Chase from $138.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. ValuEngine downgraded JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Nomura upped their price target on JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research cut JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $112.75.
In other JPMorgan Chase news, Director Todd A. Combs purchased 13,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was bought at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the acquisition, the director now owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was acquired at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.
JPMorgan Chase Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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