Sompo Asset Management Co. Ltd. Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Sompo Asset Management Co. Ltd. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,419 shares of the financial services provider’s stock after purchasing an additional 7,489 shares during the quarter. JPMorgan Chase & Co. makes up about 1.7% of Sompo Asset Management Co. Ltd.’s portfolio, making the stock its 13th biggest holding. Sompo Asset Management Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $9,597,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Traction Financial Partners LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $304,000. Veritas Investment Partners UK Ltd. lifted its position in shares of JPMorgan Chase & Co. by 390.0% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,862 shares of the financial services provider’s stock valued at $317,000 after buying an additional 1,482 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $40,000. Westwood Holdings Group Inc. grew its stake in JPMorgan Chase & Co. by 2.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 958,096 shares of the financial services provider’s stock valued at $162,972,000 after acquiring an additional 24,293 shares during the period. Finally, Waterloo Capital L.P. increased its holdings in JPMorgan Chase & Co. by 52.9% in the 4th quarter. Waterloo Capital L.P. now owns 16,800 shares of the financial services provider’s stock worth $2,858,000 after acquiring an additional 5,815 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,399 shares of company stock valued at $46,713,667. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.5 %

JPMorgan Chase & Co. stock traded up $3.04 during mid-day trading on Friday, hitting $199.95. The company’s stock had a trading volume of 6,964,498 shares, compared to its average volume of 8,475,553. The stock’s fifty day moving average is $195.23 and its two-hundred day moving average is $181.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $574.19 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.69 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.39 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. UBS Group increased their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Evercore ISI increased their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

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.