Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,553 shares of the financial services provider’s stock after buying an additional 2,225 shares during the quarter. JPMorgan Chase & Co. makes up about 1.6% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 14th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,335,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after acquiring an additional 15,607 shares in the last quarter. Leisure Capital Management increased its position in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of 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 purchasing an additional 5,719 shares in the last quarter. Argus Investors Counsel Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after buying an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after buying an additional 2,079 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $154.00 to $169.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Piper Sandler boosted their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.67.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 12.73 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Insider Buying and Selling
In other news, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Profile
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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