Meiji Yasuda Asset Management Co Ltd. Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 124,257 shares of the financial services provider's stock after acquiring an additional 3,228 shares during the quarter. JPMorgan Chase & Co. comprises about 1.1% of Meiji Yasuda Asset Management Co Ltd.'s portfolio, making the stock its 12th largest holding. Meiji Yasuda Asset Management Co Ltd.'s holdings in JPMorgan Chase & Co. were worth $29,786,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JPM. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $45,000. Collier Financial bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $45,000. Lowe Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $50,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Bank of America lowered their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $255.06.

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Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last quarter. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 7.4 %

Shares of JPM stock traded down $18.26 on Thursday, hitting $227.56. The stock had a trading volume of 5,514,497 shares, compared to its average volume of 10,345,579. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The business has a 50 day moving average price of $256.54 and a 200 day moving average price of $241.36. The company has a market cap of $636.27 billion, a PE ratio of 11.53, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the firm posted $3.04 EPS. The company's revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 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 Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 28.37%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.