JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,925 shares of the financial services provider’s stock after acquiring an additional 473 shares during the period. HBW Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Eagle Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after buying an additional 84 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares during the period. Hanlon Investment Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 24.7% during the second quarter. Hanlon Investment Management Inc. now owns 2,057 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 407 shares in the last quarter. Intelligence Driven Advisers LLC grew its position in JPMorgan Chase & Co. by 16.8% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 2,508 shares of the financial services provider’s stock valued at $507,000 after buying an additional 360 shares in the last quarter. Finally, Greystone Financial Group LLC grew its position in JPMorgan Chase & Co. by 3.0% in the 2nd quarter. Greystone Financial Group LLC now owns 58,064 shares of the financial services provider’s stock valued at $11,744,000 after buying an additional 1,675 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Truist Financial started coverage on JPMorgan Chase & Co. in a research report on Tuesday. They issued a “hold” rating and a $260.00 target price for the company. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $240.02 on Friday. JPMorgan Chase & Co. has a 12 month low of $164.30 and a 12 month high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market cap of $675.74 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The business has a fifty day simple moving average of $241.59 and a 200-day simple moving average of $222.53.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $4.33 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

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.