JPMorgan Chase & Co. (NYSE:JPM) Stake Lowered by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,629 shares of the financial services provider’s stock after selling 150 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in JPMorgan Chase & Co. were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. DGS Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $208,000. Garden State Investment Advisory Services LLC boosted its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 4,189 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 96 shares during the period. Copley Financial Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth $670,000. Oddo BHF Asset Management Sas acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $6,031,000. Finally, Inspire Trust Co. N.A. raised its holdings in shares of JPMorgan Chase & Co. by 12.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 19,309 shares of the financial services provider’s stock worth $4,071,000 after buying an additional 2,192 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.9 %

NYSE:JPM traded down $2.23 during trading hours on Friday, hitting $239.30. The stock had a trading volume of 1,141,311 shares, compared to its average volume of 8,953,269. The business’s 50 day moving average is $233.51 and its 200-day moving average is $216.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $673.71 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $161.71 and a one year high of $254.31.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Analyst Ratings Changes

JPM has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler upped 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $234.81.

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.