Nippon Life Global Investors Americas Inc. Boosts Stock Holdings in JPMorgan Chase & Co. $JPM

Nippon Life Global Investors Americas Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,720 shares of the financial services provider’s stock after purchasing an additional 16,530 shares during the period. JPMorgan Chase & Co. comprises approximately 2.1% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 17th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in JPMorgan Chase & Co. were worth $43,595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wimmer Associates 1 LLC lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after acquiring an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after acquiring an additional 40 shares in the last quarter. First Command Advisory Services Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock worth $2,283,000 after acquiring an additional 40 shares in the last quarter. Black Swift Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 1.8% during the first quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research report on Monday, June 30th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective on the stock. in a research report on Friday, June 27th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $291.67.

JPMorgan Chase & Co. Stock Up 1.4%

JPM opened at $303.83 on Friday. The stock has a market cap of $835.45 billion, a PE ratio of 15.59, a P/E/G ratio of 1.99 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $304.43. The business’s fifty day simple moving average is $293.01 and its 200 day simple moving average is $266.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.12 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Profile

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.