JPMorgan Chase & Co. (NYSE:JPM) is Nexus Investment Management ULC’s 4th Largest Position

Nexus Investment Management ULC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 213,287 shares of the financial services provider’s stock after selling 29,910 shares during the period. JPMorgan Chase & Co. comprises approximately 4.4% of Nexus Investment Management ULC’s holdings, making the stock its 4th biggest position. Nexus Investment Management ULC’s holdings in JPMorgan Chase & Co. were worth $44,974,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.0% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 37,876 shares of the financial services provider’s stock worth $7,982,000 after purchasing an additional 732 shares during the period. MN Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. MN Wealth Advisors LLC now owns 47,247 shares of the financial services provider’s stock worth $9,963,000 after buying an additional 293 shares during the period. Jamison Private Wealth Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 53,005 shares of the financial services provider’s stock valued at $11,177,000 after buying an additional 1,728 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,137 shares of the financial services provider’s stock valued at $661,000 after acquiring an additional 156 shares during the period. Finally, CCG Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 10.9% in the 3rd quarter. CCG Wealth Management LLC now owns 1,395 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 137 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $223.64 on Thursday. The company’s 50-day moving average price is $213.22 and its 200-day moving average price is $204.17. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $642.22 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

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.