JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 961,692 shares of the financial services provider’s stock after acquiring an additional 56,595 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $138,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JPM. Bank Julius Baer & Co. Ltd Zurich increased its stake in JPMorgan Chase & Co. by 97,681.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after purchasing an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the last quarter. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $3,894,646,000. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its position in JPMorgan Chase & Co. by 13,205.6% in the 1st quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after purchasing an additional 5,355,265 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on JPM shares. HSBC initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 price target for the company. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Finally, Jefferies Financial Group dropped their target price on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Nine 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, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $168.80.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $153.29 on Tuesday. The business’s fifty day moving average is $145.23 and its two-hundred day moving average is $145.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $443.16 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The business had revenue of $40.69 billion for the quarter, compared to the consensus estimate of $39.63 billion. During the same quarter in the prior year, the company earned $3.12 EPS. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $1.05 dividend. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.07%.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.