American Investment Services Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,008 shares of the financial services provider’s stock after purchasing an additional 6,423 shares during the period. American Investment Services Inc.’s holdings in JPMorgan Chase & Co. were worth $3,756,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after buying an additional 15,607 shares in the last quarter. Leisure Capital Management raised its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 600 shares in the last quarter. Ballentine Partners LLC raised its stake in JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares in the last quarter. Argus Investors Counsel Inc. raised its stake in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 149 shares in the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after purchasing an additional 2,079 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Up 2.1 %
JPM stock opened at $141.20 on Tuesday. The company has a 50 day moving average of $134.31 and a two-hundred day moving average of $133.99. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a market cap of $413.92 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 1.98 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Finally, Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $154.94.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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