Nomura Asset Management Co. Ltd. Has $290.10 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Nomura Asset Management Co. Ltd. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,210,220 shares of the financial services provider's stock after purchasing an additional 35,622 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of Nomura Asset Management Co. Ltd.'s holdings, making the stock its 12th biggest holding. Nomura Asset Management Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $290,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JPM. Broadway Wealth Solutions Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $598,000. New Age Alpha Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 81,509.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 104,460 shares of the financial services provider's stock valued at $25,040,000 after purchasing an additional 104,332 shares during the period. Providence Capital Advisors LLC grew its holdings in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Providence Capital Advisors LLC now owns 42,816 shares of the financial services provider's stock valued at $10,263,000 after purchasing an additional 505 shares in the last quarter. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $8,310,884,000. Finally, Caisse Des Depots ET Consignations acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $17,440,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JPM shares. Bank of America dropped their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday. Evercore ISI cut their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.06.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $2.44 during trading hours on Wednesday, hitting $246.10. 7,726,552 shares of the company traded hands, compared to its average volume of 9,366,502. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The firm has a market cap of $688.12 billion, a P/E ratio of 12.47, a P/E/G ratio of 2.83 and a beta of 1.10. The firm's 50-day simple moving average is $256.88 and its two-hundred day simple moving average is $241.33. 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 announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.28%. JPMorgan Chase & Co.'s payout ratio is 28.37%.

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.