JPMorgan Chase & Co. $JPM Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,572 shares of the financial services provider’s stock after selling 1,791 shares during the quarter. JPMorgan Chase & Co. comprises about 2.3% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 10th biggest position. Asahi Life Asset Management CO. LTD.’s holdings in JPMorgan Chase & Co. were worth $3,935,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SP Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. SP Asset Management LLC now owns 3,190 shares of the financial services provider’s stock worth $925,000 after buying an additional 54 shares in the last quarter. ROI Financial Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 19.1% in the 2nd quarter. ROI Financial Advisors LLC now owns 9,158 shares of the financial services provider’s stock valued at $2,655,000 after purchasing an additional 1,471 shares during the last quarter. Cloud Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 78.5% in the second quarter. Cloud Capital Management LLC now owns 928 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 408 shares during the last quarter. New Millennium Group LLC grew its position in JPMorgan Chase & Co. by 741.3% during the second quarter. New Millennium Group LLC now owns 4,947 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 4,359 shares during the period. Finally, Genus Capital Management Inc. increased its position in JPMorgan Chase & Co. by 42.1% during the 2nd quarter. Genus Capital Management Inc. now owns 53,068 shares of the financial services provider’s stock worth $15,385,000 after purchasing an additional 15,715 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Citigroup upped their price objective on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Finally, Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen 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, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $326.38.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $303.63 on Friday. The firm has a fifty day moving average of $307.51 and a 200-day moving average of $289.72. The company has a market cap of $826.55 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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 is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

JPMorgan Chase & Co. Profile

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.