Metis Global Partners LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 69.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,248 shares of the financial services provider’s stock after purchasing an additional 36,308 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Metis Global Partners LLC’s portfolio, making the stock its 11th biggest holding. Metis Global Partners LLC’s holdings in JPMorgan Chase & Co. were worth $11,834,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Aptus Capital Advisors LLC raised its stake in shares of 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 raised its holdings in 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 valued at $2,376,000 after buying 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 third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after acquiring an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. raised its position in JPMorgan Chase & Co. by 0.6% during 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 purchasing an additional 149 shares during the last quarter. Finally, Hixon Zuercher LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after buying an additional 264 shares during the last quarter. 67.89% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on JPM shares. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Citigroup boosted their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
JPMorgan Chase & Co. Stock Up 2.0 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter last year, the business earned $2.63 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.93%. The ex-dividend date was Wednesday, April 5th. 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.
Further Reading
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
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