Mitsubishi UFJ Asset Management UK Ltd. has significantly increased its position in JPMorgan Chase & Co. (NYSE: JPM) by 69.2% in the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 22,000 shares of the financial giant after acquiring an additional 9,000 shares. JPMorgan Chase now constitutes approximately 2.3% of Mitsubishi UFJ Asset Management’s portfolio, making it the 11th largest position. At the close of the reporting period, Mitsubishi’s holdings in JPMorgan were valued at $5.27 million.
Several other institutional investors also adjusted their positions in JPMorgan Chase. Geode Capital Management LLC increased its stake by 0.9% in the third quarter, now holding over 58.34 million shares worth $12.26 billion. Similarly, Fisher Asset Management LLC boosted its position by 31.7%, now owning 16.78 million shares valued at $3.54 billion. UBS Asset Management Americas LLC raised its holdings by 2.0%, while Franklin Resources Inc. grew its stake by 7.2%. International Assets Investment Management LLC also entered the picture with a new position in the stock valued at approximately $1.89 billion. Institutional investors collectively own 71.55% of JPMorgan Chase’s outstanding shares.
In a separate update, JPMorgan Chase General Counsel Stacey Friedman sold 3,303 shares on January 16 at an average price of $253.94, generating proceeds of $838,763.82. Post-sale, Friedman holds 47,620 shares in the company, which are valued at $12.09 million. This transaction reflects a 6.49% reduction in Friedman’s ownership of JPMorgan Chase shares, and was disclosed in a filing with the SEC.
JPMorgan Chase’s stock has recently experienced a slight 0.5% decline, opening at $264.66 on Friday. The company has shown solid performance, with a market capitalization of $745.09 billion, a P/E ratio of 13.41, and a P/E/G ratio of 2.83. The firm has traded between a 1-year low of $170.90 and a high of $267.10.
JPMorgan Chase’s recent earnings report, released on January 15, exceeded analysts’ expectations, with the company posting $4.81 earnings per share (EPS) for the quarter, significantly surpassing the consensus estimate of $4.03. The firm’s revenue for the quarter reached $42.77 billion, above the anticipated $41.90 billion. Year-over-year, the company’s revenue grew by 10.9%. With a strong net margin of 20.96% and a return on equity of 16.99%, JPMorgan Chase’s performance has bolstered investor confidence.
Additionally, JPMorgan Chase declared a quarterly dividend of $1.25 per share, set to be paid on January 31. Shareholders of record as of January 6 will receive the dividend, equating to an annualized payout of $5.00 per share and a yield of 1.89%. The company’s payout ratio stands at 25.33%.
Wall Street analysts have varying outlooks on JPMorgan Chase’s stock. While Robert W. Baird downgraded the stock from “neutral” to “underperform” with a $200 price target, UBS Group raised their target to $287, assigning the stock a “buy” rating. Barclays raised its target price to $330, maintaining an “overweight” rating. Evercore ISI also raised its target to $230, giving JPMorgan an “outperform” rating, while Truist Financial increased its price target to $268 with a “hold” rating. The consensus rating for the stock remains “Hold” with an average price target of $251.78, according to data from MarketBeat.
JPMorgan Chase & Co. operates as a global financial services provider, with four primary segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. Its services range from deposit, investment, and lending products to mortgages, auto loans, credit cards, and wealth management services, all delivered through various channels including digital platforms, ATMs, and traditional banking outlets.
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