Nomura Asset Management Co. Ltd. Has $193.16 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Nomura Asset Management Co. Ltd. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,135,550 shares of the financial services provider’s stock after selling 14,351 shares during the period. JPMorgan Chase & Co. makes up 0.8% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its 16th largest position. Nomura Asset Management Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $193,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Curbstone Financial Management Corp grew its stake in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after buying an additional 60 shares in the last quarter. Grey Street Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 60 shares in the last quarter. Financial Management Network Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock valued at $1,296,000 after purchasing an additional 61 shares in the last quarter. Sendero Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 62 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 64 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $3.79 on Friday, reaching $200.71. 7,356,233 shares of the stock were exchanged, compared to its average volume of 8,712,340. JPMorgan Chase & Co. has a one year low of $134.40 and a one year high of $205.88. The firm has a market capitalization of $576.37 billion, a PE ratio of 12.12, a PEG ratio of 2.72 and a beta of 1.13. The company’s 50-day simple moving average is $194.71 and its two-hundred day simple moving average is $178.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Analysts expect that JPMorgan Chase & Co. will post 16.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $194.10.

Insider Activity

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 249,399 shares of company stock worth $46,713,667 over the last quarter. Insiders own 0.79% of the company’s stock.

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.