Noesis Capital Mangement Corp boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,313 shares of the financial services provider’s stock after buying an additional 594 shares during the quarter. JPMorgan Chase & Co. makes up 5.0% of Noesis Capital Mangement Corp’s portfolio, making the stock its largest position. Noesis Capital Mangement Corp’s holdings in JPMorgan Chase & Co. were worth $17,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $26,000. Creative Capital Management Investments LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Bellwether Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 24.4% during the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 99 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 weighed in on the company. Piper Sandler upped 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, April 17th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, April 17th. Royal Bank of Canada cut their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. The Goldman Sachs Group increased their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Finally, Evercore ISI lowered their price target on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 5th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $154.94.
JPMorgan Chase & Co. Stock Up 1.3 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The company 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 16.02% and a net margin of 23.73%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $2.63 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 13.85 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is presently 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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