Fragasso Financial Advisors Inc Has $3.13 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fragasso Financial Advisors Inc increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,071 shares of the financial services provider’s stock after buying an additional 341 shares during the period. Fragasso Financial Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $3,133,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JPM. Eagle Capital Management LLC lifted its position 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 valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. Fiera Capital Corp lifted its position in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 63 shares in the last quarter. Invera Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Invera Wealth Advisors LLC now owns 26,997 shares of the financial services provider’s stock valued at $5,601,000 after acquiring an additional 400 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 76,632 shares of the financial services provider’s stock valued at $15,500,000 after acquiring an additional 466 shares in the last quarter. Finally, Fiduciary Planning LLC lifted its position in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Fiduciary Planning LLC now owns 4,636 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 55 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.4 %

JPM traded up $3.28 during midday trading on Monday, reaching $243.15. The company’s stock had a trading volume of 4,809,636 shares, compared to its average volume of 8,700,477. The firm has a market capitalization of $684.55 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 3.54 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The stock’s 50-day moving average is $241.59 and its 200-day moving average is $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the company posted $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Ratings Changes

Several equities analysts recently weighed in on JPM shares. Truist Financial started coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price target on the stock. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $245.83.

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.