JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,997 shares of the financial services provider's stock after buying an additional 5,241 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $16,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accredited Investors Inc. increased its position in JPMorgan Chase & Co. by 4.9% during the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after purchasing an additional 667 shares in the last quarter. Sunburst Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 5.0% in the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock valued at $1,143,000 after buying an additional 268 shares during the period. Sageworth Trust Co grew its holdings in JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock valued at $603,000 after buying an additional 786 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in JPMorgan Chase & Co. by 16.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider's stock valued at $143,594,000 after buying an additional 95,461 shares during the period. Finally, Czech National Bank grew its holdings in JPMorgan Chase & Co. by 7.6% in the 2nd quarter. Czech National Bank now owns 547,224 shares of the financial services provider's stock valued at $110,682,000 after buying an additional 38,548 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on JPM shares. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Oppenheimer boosted their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $229.31.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPMorgan Chase & Co. stock traded down $2.00 on Tuesday, hitting $243.03. 6,791,404 shares of the company's stock traded hands, compared to its average volume of 9,100,539. The stock has a market cap of $684.21 billion, a P/E ratio of 13.53, a PEG ratio of 3.56 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm's 50-day moving average is $220.06 and its 200 day moving average is $210.55. JPMorgan Chase & Co. has a 52-week low of $151.92 and a 52-week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same period last year, the business posted $4.33 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

JPMorgan Chase & Co. 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.