JPMorgan Chase & Co. (NYSE:JPM) Stake Reduced by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,190 shares of the financial services provider's stock after selling 21,370 shares during the period. JPMorgan Chase & Co. accounts for 1.8% of Nippon Life Global Investors Americas Inc.'s portfolio, making the stock its 17th largest position. Nippon Life Global Investors Americas Inc.'s holdings in JPMorgan Chase & Co. were worth $38,639,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $29,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $1.17 during midday trading on Friday, reaching $243.47. 8,586,513 shares of the stock traded hands, compared to its average volume of 9,619,223. JPMorgan Chase & Co. has a fifty-two week low of $188.46 and a fifty-two week high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $677.58 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01. The firm has a fifty day moving average price of $241.63 and a two-hundred day moving average price of $243.39.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the firm posted $4.44 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Analyst Ratings Changes

Several research firms have issued reports on JPM. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $255.67.

Insider Activity

In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,545 shares of company stock valued at $19,149,144. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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.