First Financial Corp IN Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First Financial Corp IN boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,912 shares of the financial services provider’s stock after acquiring an additional 366 shares during the quarter. JPMorgan Chase & Co. accounts for 1.3% of First Financial Corp IN’s holdings, making the stock its 13th largest position. First Financial Corp IN’s holdings in JPMorgan Chase & Co. were worth $2,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Eagle Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during 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 during the period. Fiera Capital Corp grew its holdings in JPMorgan Chase & Co. by 1.7% in 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. Kinsale Capital Group Inc. increased its position in shares of JPMorgan Chase & Co. by 20.8% in the second quarter. Kinsale Capital Group Inc. now owns 34,109 shares of the financial services provider’s stock valued at $6,899,000 after buying an additional 5,863 shares in the last quarter. Biltmore Family Office LLC raised its stake in shares of JPMorgan Chase & Co. by 17.6% during the 2nd quarter. Biltmore Family Office LLC now owns 13,572 shares of the financial services provider’s stock worth $2,745,000 after buying an additional 2,030 shares during the period. Finally, SP Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 28.1% during the 2nd quarter. SP Asset Management LLC now owns 3,096 shares of the financial services provider’s stock valued at $626,000 after buying an additional 680 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.3 %

Shares of JPM stock opened at $247.35 on Wednesday. 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 twelve month low of $164.30 and a twelve month high of $254.31. The company’s 50-day moving average price is $242.60 and its 200-day moving average price is $223.51. The stock has a market cap of $696.37 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued 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 2.02%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Ratings Changes

Several equities research analysts recently commented on JPM shares. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.