Daiwa Securities Group Inc. Buys 16,673 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Daiwa Securities Group Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its holdings in shares of JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock worth $244,000 after acquiring an additional 412 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $1,185,000. Jacobs Levy Equity Management Inc. increased its position in JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider's stock valued at $1,277,000 after acquiring an additional 1,569 shares during the period. New Covenant Trust Company N.A. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $1,206,000. Finally, Montchanin Asset Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $5,382,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on JPM shares. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Barclays raised their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. Stock Down 0.1 %

JPM stock traded down $0.18 on Thursday, reaching $249.79. 5,472,265 shares of the company traded hands, compared to its average volume of 9,070,838. The firm has a fifty day simple moving average of $225.64 and a 200-day simple moving average of $213.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $152.72 and a one year high of $254.31. The company has a market cap of $703.24 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the business posted $4.33 EPS. The company's revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.00%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

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.