Norinchukin Bank The Buys 9,233 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Norinchukin Bank The raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,301 shares of the financial services provider's stock after acquiring an additional 9,233 shares during the period. JPMorgan Chase & Co. makes up 0.7% of Norinchukin Bank The's investment portfolio, making the stock its 29th largest position. Norinchukin Bank The's holdings in JPMorgan Chase & Co. were worth $32,912,000 as of its most recent SEC filing.

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

JPMorgan Chase & Co. Stock Up 2.7 %

JPM traded up $6.27 during midday trading on Wednesday, reaching $241.86. The company's stock had a trading volume of 9,000,605 shares, compared to its average volume of 9,593,316. JPMorgan Chase & Co. has a 1 year low of $188.46 and a 1 year high of $280.25. The stock's 50-day moving average is $242.98 and its 200-day moving average is $243.17. The firm has a market capitalization of $673.10 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.83 and a beta of 1.01. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Bank of America lowered their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, StockNews.com downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday, April 14th. One investment 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.com, the stock has an average rating of "Hold" and a consensus target price of $255.67.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction 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 sale, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.79% 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.