Global Trust Asset Management LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,924 shares of the financial services provider’s stock after buying an additional 317 shares during the quarter. Global Trust Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $753,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Provident Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $34,000. Marshall & Sullivan Inc. WA bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $43,000. Stuart Chaussee & Associates Inc. grew its stake in shares of JPMorgan Chase & Co. by 25.9% in the third quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 96 shares during the last quarter. Eukles Asset Management grew its stake in shares of JPMorgan Chase & Co. by 28.7% in the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 119 shares during the last quarter. Finally, Catalyst Private Wealth LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth $54,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.
Several analysts have issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price target on the stock. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. Royal Bank of Canada upped their price target on JPMorgan Chase & Co. from $110.00 to $130.00 in a report on Wednesday, December 9th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $126.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Finally, Piper Sandler upped their target price on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $121.51.
Shares of JPM opened at $140.35 on Thursday. The company has a market capitalization of $427.82 billion, a P/E ratio of 18.35, a PEG ratio of 3.20 and a beta of 1.22. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.66. The business’s 50 day simple moving average is $124.63 and its 200-day simple moving average is $106.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 7.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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