Ameliora Wealth Management Ltd. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 123.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,437 shares of the financial services provider’s stock after purchasing an additional 16,819 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.2% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 15th biggest holding. Ameliora Wealth Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $4,082,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $30,000. Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. VitalStone Financial LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $58,000. Finally, Marshall & Sullivan Inc. WA bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 67.89% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of JPM stock opened at $141.20 on Tuesday. The stock 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 business’s fifty day moving average is $134.31 and its 200 day moving average is $133.99. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. 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. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Analyst Ratings Changes
JPM has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $154.00 to $169.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Evercore ISI lowered their price objective 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. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Finally, Barclays decreased their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently 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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