DT Investment Partners LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,873 shares of the financial services provider’s stock after selling 460 shares during the period. JPMorgan Chase & Co. accounts for about 0.7% of DT Investment Partners LLC’s holdings, making the stock its 29th largest holding. DT Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $5,347,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in JPMorgan Chase & Co. by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after purchasing an additional 1,058,790 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after purchasing an additional 805,196 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock valued at $1,630,909,000 after purchasing an additional 102,242 shares during the last quarter. Finally, Boston Partners boosted its stake in JPMorgan Chase & Co. by 28.4% during the 3rd quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock valued at $1,061,182,000 after purchasing an additional 2,227,785 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on JPM. Royal Bank of Canada lowered their price target on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Citigroup increased their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a report on Monday. Finally, Oppenheimer increased their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $154.94.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.63 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 13.76 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.84%. JPMorgan Chase & Co.’s payout ratio is 29.52%.
JPMorgan Chase & Co. Company 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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