Daiwa Securities Group Inc. Has $59.06 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Daiwa Securities Group Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,197 shares of the financial services provider’s stock after buying an additional 17,218 shares during the period. Daiwa Securities Group Inc.’s holdings in JPMorgan Chase & Co. were worth $59,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the period. Macroview Investment Management LLC boosted its position in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at $40,000. Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $44,000. Finally, Morton Brown Family Wealth LLC boosted its position in JPMorgan Chase & Co. by 2,308.3% during the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JPM shares. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 in the last three months. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.5 %

JPM stock opened at $193.08 on Thursday. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The firm has a market cap of $554.54 billion, a P/E ratio of 11.66, a P/E/G ratio of 2.38 and a beta of 1.15. The business’s 50 day moving average is $189.80 and its 200-day moving average is $170.07. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

JPMorgan Chase & Co. Company 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.