Dai ichi Life Insurance Company Ltd Buys 4,975 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Dai ichi Life Insurance Company Ltd boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,115 shares of the financial services provider’s stock after purchasing an additional 4,975 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Dai ichi Life Insurance Company Ltd’s holdings, making the stock its 14th largest position. Dai ichi Life Insurance Company Ltd’s holdings in JPMorgan Chase & Co. were worth $39,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPM. Gilbert & Cook Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after buying an additional 164 shares during the last quarter. Aveo Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 591 shares during the period. Gryphon Financial Partners LLC grew its position in shares of JPMorgan Chase & Co. by 66.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after acquiring an additional 10,025 shares during the period. Allegheny Financial Group LTD lifted its position in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Allegheny Financial Group LTD now owns 7,234 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 72 shares in the last quarter. Finally, Missouri Trust & Investment Co lifted its position in JPMorgan Chase & Co. by 2.8% during the fourth quarter. Missouri Trust & Investment Co now owns 17,016 shares of the financial services provider’s stock valued at $2,894,000 after purchasing an additional 459 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JPM. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Piper Sandler upped their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Trading Down 0.8 %

Shares of JPM opened at $207.60 on Thursday. The stock has a market capitalization of $596.16 billion, a PE ratio of 11.58, a P/E/G ratio of 2.33 and a beta of 1.12. The company’s fifty day moving average is $211.43 and its 200 day moving average is $201.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the previous year, the firm posted $4.37 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.