Daiwa Securities Group Inc. Acquires 17,218 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Daiwa Securities Group Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 347,197 shares of the financial services provider’s stock after buying an additional 17,218 shares during the quarter. Daiwa Securities Group Inc.’s holdings in JPMorgan Chase & Co. were worth $59,059,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JPM. Wilsey Asset Management Inc. grew its position in JPMorgan Chase & Co. by 2.2% in the 3rd quarter. Wilsey Asset Management Inc. now owns 185,942 shares of the financial services provider’s stock worth $26,965,000 after purchasing an additional 3,950 shares in the last quarter. Hengehold Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 1.2% in the third quarter. Hengehold Capital Management LLC now owns 30,856 shares of the financial services provider’s stock valued at $4,475,000 after acquiring an additional 369 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $853,000. Kingdom Financial Group LLC. boosted its stake in JPMorgan Chase & Co. by 8.0% in the third quarter. Kingdom Financial Group LLC. now owns 3,690 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 273 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in JPMorgan Chase & Co. by 8.1% in the third quarter. Artemis Investment Management LLP now owns 100,506 shares of the financial services provider’s stock valued at $14,569,000 after acquiring an additional 7,533 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Piper Sandler cut their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Morgan Stanley cut their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insider Activity

In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $193.08 on Thursday. The firm’s fifty day moving average price is $189.80 and its 200-day moving average price is $170.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $554.54 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

JPMorgan Chase & Co. Company Profile

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.