Asset Management One Co. Ltd. Sells 12,311 Shares of JPMorgan Chase & Co. $JPM

Asset Management One Co. Ltd. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,366,402 shares of the financial services provider’s stock after selling 12,311 shares during the quarter. JPMorgan Chase & Co. accounts for 1.2% of Asset Management One Co. Ltd.’s holdings, making the stock its 11th biggest holding. Asset Management One Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $396,134,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. AlTi Global Inc. increased its position in shares of JPMorgan Chase & Co. by 15.0% during the 2nd quarter. AlTi Global Inc. now owns 36,339 shares of the financial services provider’s stock valued at $10,476,000 after purchasing an additional 4,751 shares during the last quarter. Guardian Asset Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Guardian Asset Advisors LLC now owns 5,143 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 246 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 3.3% during the 2nd quarter. Smith Group Asset Management LLC now owns 117,054 shares of the financial services provider’s stock valued at $33,935,000 after purchasing an additional 3,694 shares during the last quarter. Moser Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Moser Wealth Advisors LLC now owns 16,582 shares of the financial services provider’s stock valued at $4,807,000 after purchasing an additional 198 shares during the last quarter. Finally, Warburton Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 22.9% during the 2nd quarter. Warburton Capital Management LLC now owns 1,370 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $309.19 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $305.20 and its 200-day simple moving average is $285.41. The company has a market capitalization of $850.18 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.84 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the company earned $4.37 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $343.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Daiwa Capital Markets upped their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Barclays increased their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Finally, UBS Group increased their target price on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $322.50.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.