Tokio Marine Asset Management Co. Ltd. Acquires 3,639 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in JPMorgan Chase & Co. by 4.5%, owning a total of 85,040 shares valued at $20.86 million, which is 0.8% of its portfolio.
• JPMorgan Chase recently reported an EPS of $4.96 for the last quarter, surpassing analyst expectations of $4.48 and generating $44.91 billion in revenue, although down 10.5% year-over-year.
• The company declared a quarterly dividend of $1.40 per share, leading to an annualized dividend of $5.60, representing a yield of 1.9%.

Tokio Marine Asset Management Co. Ltd. grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,040 shares of the financial services provider's stock after purchasing an additional 3,639 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 27th largest position. Tokio Marine Asset Management Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $20,860,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of NYSE:JPM traded down $1.42 during mid-day trading on Tuesday, hitting $290.11. The company had a trading volume of 3,341,854 shares, compared to its average volume of 9,863,949. The firm has a fifty day moving average price of $286.92 and a 200 day moving average price of $263.72. The company has a market capitalization of $797.73 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.12 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company 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.