Willis Investment Counsel decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,400 shares of the financial services provider’s stock after selling 19,780 shares during the period. Willis Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $12,736,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $817,000. Great Oak Capital Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $781,000. Syon Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 14.1% in the 4th quarter. Syon Capital LLC now owns 28,527 shares of the financial services provider’s stock valued at $4,852,000 after buying an additional 3,517 shares during the period. Counterweight Ventures LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $2,190,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 6.6% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 1,521 shares of the financial services provider’s stock valued at $259,000 after buying an additional 94 shares during the period. Institutional investors own 71.55% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.47.
JPMorgan Chase & Co. Trading Up 4.4 %
Shares of JPM stock opened at $222.29 on Monday. The company’s fifty day simple moving average is $211.79 and its two-hundred day simple moving average is $203.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a market capitalization of $632.45 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.
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.
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