Daiwa Securities Group Inc. Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Daiwa Securities Group Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,730 shares of the financial services provider’s stock after purchasing an additional 16,673 shares during the period. Daiwa Securities Group Inc.’s holdings in JPMorgan Chase & Co. were worth $92,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. WFA Asset Management Corp grew its position in shares of JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after buying an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $1,185,000. Jacobs Levy Equity Management Inc. grew its position in shares of JPMorgan Chase & Co. by 32.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after buying an additional 1,569 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $1,206,000. Finally, Montchanin Asset Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $5,382,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $249.75 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $152.72 and a twelve month high of $254.31. The stock has a 50 day moving average of $225.64 and a two-hundred day moving average of $213.00. The stock has a market cap of $703.13 billion, a P/E ratio of 13.90, a P/E/G ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $229.31.

About JPMorgan Chase & Co.

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.