Mitsubishi UFJ Asset Management UK Ltd. Has $5.15 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. reduced its holdings in JPMorgan Chase & Co. by 4.5%, now owning 21,000 shares valued at approximately $5.15 million.
• Several hedge funds have recently purchased stakes in JPMorgan Chase, contributing to institutional investors now holding 71.55% of the company's stock.
• JPMorgan Chase reported a quarterly earnings per share of $4.96, exceeding estimates, but showed a 10.5% decrease in year-over-year revenue.

Mitsubishi UFJ Asset Management UK Ltd. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,000 shares of the financial services provider's stock after selling 1,000 shares during the period. JPMorgan Chase & Co. comprises approximately 2.8% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 8th largest position. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in JPMorgan Chase & Co. were worth $5,151,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $54,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JPM shares. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Keefe, Bruyette & Woods increased their price objective 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. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $288.68.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,557 shares of company stock worth $4,113,796. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $290.48 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company's 50-day simple moving average is $286.42 and its two-hundred day simple moving average is $263.59. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The company has a market capitalization of $798.75 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.93 and a beta of 1.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the firm earned $6.12 earnings per share. The company's quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

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.

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