Desjardins Global Asset Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,943 shares of the financial services provider’s stock after selling 12,123 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,210,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its stake in 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 purchasing an additional 15,607 shares during the last quarter. Leisure Capital Management lifted its stake in JPMorgan Chase & Co. by 2.7% during the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the last quarter. Ballentine Partners LLC lifted its stake in 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 worth $5,427,000 after purchasing an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. lifted its stake in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares during the last quarter. Finally, Hixon Zuercher LLC lifted its stake in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Wall Street Analysts Forecast Growth
JPM has been the subject of a number of research reports. Oppenheimer increased their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, Morgan Stanley increased their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a report 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.00.
Insider Buying and Selling at JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $136.05 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm’s 50-day simple moving average is $133.58 and its 200 day simple moving average is $134.85. The stock has a market cap of $397.58 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.91 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share 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 for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the business earned $2.63 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Sunday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.94%. JPMorgan Chase & Co.’s payout ratio is 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.
Read More
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