JPMorgan Chase & Co. (NYSE:JPM) is Douglas Lane & Associates LLC’s 2nd Largest Position

Douglas Lane & Associates LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 764,012 shares of the financial services provider’s stock after selling 27,933 shares during the period. JPMorgan Chase & Co. makes up about 2.6% of Douglas Lane & Associates LLC’s holdings, making the stock its 2nd biggest position. Douglas Lane & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $183,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC increased its stake in shares of 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 acquiring an additional 84 shares in the last quarter. Fiera Capital Corp increased its position in 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 acquiring an additional 63 shares during the last quarter. Vawter Financial Ltd. grew its position in JPMorgan Chase & Co. by 30.5% during the second quarter. Vawter Financial Ltd. now owns 3,550 shares of the financial services provider’s stock valued at $718,000 after buying an additional 829 shares during the period. Foundations Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 6.7% in the second quarter. Foundations Investment Advisors LLC now owns 95,156 shares of the financial services provider’s stock worth $19,246,000 after buying an additional 5,946 shares in the last quarter. Finally, Wealth Effects LLC lifted its holdings in JPMorgan Chase & Co. by 1.0% during the second quarter. Wealth Effects LLC now owns 30,788 shares of the financial services provider’s stock valued at $6,227,000 after purchasing an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two investment 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, the stock currently has an average rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Trading Up 0.0 %

JPM traded up $0.10 on Wednesday, hitting $243.27. The company had a trading volume of 4,783,800 shares, compared to its average volume of 8,394,249. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The firm has a market cap of $684.89 billion, a P/E ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11. The company’s fifty day moving average price is $240.46 and its 200 day moving average price is $221.95. 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. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the firm earned $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

About JPMorgan Chase & Co.

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.