Oder Investment Management LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,477 shares of the financial services provider’s stock after selling 374 shares during the period. JPMorgan Chase & Co. comprises 2.2% of Oder Investment Management LLC’s portfolio, making the stock its 13th largest position. Oder Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,807,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Cottage Street Advisors LLC raised its stake in JPMorgan Chase & Co. by 11,378.2% in the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after buying an additional 4,064,396 shares in the last quarter. Barclays PLC grew its holdings in shares of JPMorgan Chase & Co. by 77.8% during the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after buying an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after buying an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of JPMorgan Chase & Co. by 265.8% during the third quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after buying an additional 2,464,462 shares during the last quarter. 67.89% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
JPM has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. Royal Bank of Canada cut their price target 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. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Finally, Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $155.00.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 company 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 posted $2.63 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a $1.00 dividend. The ex-dividend date 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%.
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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