Riverview Capital Advisers LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,588 shares of the financial services provider’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gibson Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $2,378,000. Thornburg Investment Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 7.6% in the 4th quarter. Thornburg Investment Management Inc. now owns 1,968,662 shares of the financial services provider’s stock valued at $263,998,000 after purchasing an additional 139,518 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Texas Permanent School Fund now owns 416,407 shares of the financial services provider’s stock valued at $55,840,000 after acquiring an additional 1,811 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $2,990,000. Finally, BCGM Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.9% during the 4th quarter. BCGM Wealth Management LLC now owns 17,716 shares of the financial services provider’s stock valued at $2,376,000 after acquiring an additional 664 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.
Wall Street Analysts Forecast Growth
JPM has been the topic of several research reports. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They set a “hold” rating on the stock. The Goldman Sachs Group increased their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Keefe, Bruyette & Woods increased 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 research report on Monday, April 17th. Piper Sandler increased their price target 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. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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 released its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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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