Doliver Advisors LP lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,424 shares of the financial services provider’s stock after selling 654 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Doliver Advisors LP’s portfolio, making the stock its 7th largest position. Doliver Advisors LP’s holdings in JPMorgan Chase & Co. were worth $3,678,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 boosted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock worth $1,630,909,000 after buying an additional 102,242 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of JPMorgan Chase & Co. by 28.4% in the 3rd quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after buying an additional 2,227,785 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock opened at $137.07 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $400.56 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.91 and a beta of 1.10. The business has a fifty day simple moving average of $133.95 and a two-hundred day simple moving average of $134.73. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. JPMorgan Chase & Co.’s payout ratio is presently 29.52%.
Analyst Ratings Changes
Several equities research analysts have commented on JPM shares. Royal Bank of Canada dropped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Barclays decreased their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Finally, Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.00.
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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