JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by FUKOKU MUTUAL LIFE INSURANCE Co

This article was originally published on this site

FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,901 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the period. JPMorgan Chase & Co. comprises approximately 1.5% of FUKOKU MUTUAL LIFE INSURANCE Co’s holdings, making the stock its 24th biggest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in JPMorgan Chase & Co. were worth $13,853,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JPM. Morgan Stanley grew its holdings in JPMorgan Chase & Co. by 6.4% during the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after buying an additional 2,262,845 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.0% during the second quarter. Neuberger Berman Group LLC now owns 11,257,504 shares of the financial services provider’s stock valued at $1,058,633,000 after acquiring an additional 330,733 shares during the last quarter. Nordea Investment Management AB increased its position in JPMorgan Chase & Co. by 101.0% during the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock worth $840,726,000 after purchasing an additional 4,518,458 shares in the last quarter. Principal Financial Group Inc. raised its stake in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 7,418,335 shares of the financial services provider’s stock valued at $697,769,000 after purchasing an additional 85,840 shares during the last quarter. Finally, Davis Selected Advisers raised its stake in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Davis Selected Advisers now owns 7,351,742 shares of the financial services provider’s stock valued at $691,505,000 after purchasing an additional 120,847 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $100.98, for a total value of $230,335.38. Insiders own 0.78% of the company’s stock.

A number of research firms have recently weighed in on JPM. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Berenberg Bank increased their price target on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a research note on Monday, July 20th. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 22nd. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $111.59.

JPM opened at $114.78 on Thursday. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The company has a 50 day moving average of $100.06 and a two-hundred day moving average of $98.07. The company has a market cap of $349.87 billion, a P/E ratio of 15.00, a P/E/G ratio of 2.68 and a beta of 1.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Read More: What is a CD ladder?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).