Mirae Asset Global Investments Co. Ltd. Has $177.23 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Mirae Asset Global Investments Co. Ltd. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 741,719 shares of the financial services provider's stock after acquiring an additional 44,493 shares during the quarter. JPMorgan Chase & Co. accounts for 0.5% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 28th largest holding. Mirae Asset Global Investments Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $177,229,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Union Bancaire Privee UBP SA bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $66,088,000. SOA Wealth Advisors LLC. raised its stake in JPMorgan Chase & Co. by 1.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock worth $5,115,000 after acquiring an additional 255 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after acquiring an additional 1,229 shares during the period. Finally, Highview Capital Management LLC DE boosted its stake in shares of JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 1,893 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an "equal weight" rating in a research report on Monday, June 23rd. Truist Financial increased their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $277.74.

JPMorgan Chase & Co. Stock Up 1.4%

NYSE JPM traded up $4.13 during trading hours on Friday, reaching $296.13. 6,541,646 shares of the company's stock were exchanged, compared to its average volume of 9,527,821. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $822.96 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The company's 50-day moving average is $266.97 and its two-hundred day moving average is $254.56. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the transaction, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director directly owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 in the last ninety days. Corporate 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.