Nissay Asset Management Corp Japan ADV Buys 44,993 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nissay Asset Management Corp Japan ADV lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,729 shares of the financial services provider's stock after purchasing an additional 44,993 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.8% of Nissay Asset Management Corp Japan ADV's holdings, making the stock its 20th largest holding. Nissay Asset Management Corp Japan ADV's holdings in JPMorgan Chase & Co. were worth $136,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after purchasing an additional 148 shares during the last quarter. RMR Wealth Builders boosted its position in JPMorgan Chase & Co. by 4.4% during the 4th quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider's stock valued at $7,924,000 after buying an additional 1,382 shares during the period. Cooper Financial Group boosted its position in JPMorgan Chase & Co. by 11.6% during the 4th quarter. Cooper Financial Group now owns 8,201 shares of the financial services provider's stock valued at $1,966,000 after buying an additional 850 shares during the period. Finally, Accelerate Investment Advisors LLC boosted its position in JPMorgan Chase & Co. by 87.3% during the 4th quarter. Accelerate Investment Advisors LLC now owns 2,034 shares of the financial services provider's stock valued at $488,000 after buying an additional 948 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,188 shares of company stock valued at $33,095,363. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $262.92 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The business has a 50-day simple moving average of $238.77 and a two-hundred day simple moving average of $246.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market cap of $730.68 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $4.44 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were issued a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analysts Set New Price Targets

Several analysts recently issued reports on JPM shares. Barclays raised their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, UBS Group upped their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $255.67.

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.

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