Stockman Wealth Management Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 87,152 shares of the financial services provider’s stock after selling 3,050 shares during the period. JPMorgan Chase & Co. makes up approximately 2.7% of Stockman Wealth Management Inc.’s portfolio, making the stock its 6th biggest holding. Stockman Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $11,687,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cottage Street Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 11,378.2% during the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 4,064,396 shares in the last quarter. Barclays PLC boosted its stake in shares of JPMorgan Chase & Co. by 77.8% during the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock worth $843,433,000 after acquiring an additional 3,531,637 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% during 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 acquiring an additional 2,918,554 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of JPMorgan Chase & Co. by 7,427.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after acquiring an additional 2,628,701 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of JPMorgan Chase & Co. by 265.8% during the 3rd quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock worth $354,426,000 after acquiring an additional 2,464,462 shares in the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on JPM shares. Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Piper Sandler raised 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 note on Monday, April 17th. Barclays decreased 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 research note on Wednesday, April 12th. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $155.00.
JPMorgan Chase & Co. Stock Down 0.5 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced 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. 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 the consensus estimate of $35.77 billion. During the same quarter last year, the firm earned $2.63 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 2.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
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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