Brandywine Oak Private Wealth LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,170 shares of the financial services provider’s stock after selling 244 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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. Institutional investors own 67.89% of the company’s stock.
Analyst Ratings Changes
JPM has been the topic of several analyst reports. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a report on Monday, April 17th. Evercore ISI cut 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. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Finally, BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.00.
JPMorgan Chase & Co. Price 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 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 in the prior year, the firm posted $2.63 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.94%. JPMorgan Chase & Co.’s payout ratio is 29.52%.
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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