Fiduciary Group LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fiduciary Group LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,399 shares of the financial services provider’s stock after selling 1,370 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.1% of Fiduciary Group LLC’s portfolio, making the stock its 11th biggest holding. Fiduciary Group LLC’s holdings in JPMorgan Chase & Co. were worth $19,295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $5,341,000. SYM FINANCIAL Corp raised its position in shares of JPMorgan Chase & Co. by 1.2% in the second quarter. SYM FINANCIAL Corp now owns 4,848 shares of the financial services provider’s stock valued at $981,000 after buying an additional 59 shares during the last quarter. Hardin Capital Partners LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $1,378,000. RS Crum Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $305,000. Finally, Pinkerton Retirement Specialists LLC grew its stake in JPMorgan Chase & Co. by 5.5% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 22,504 shares of the financial services provider’s stock valued at $4,552,000 after acquiring an additional 1,175 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Oppenheimer upped their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group lifted their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $207.60 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day moving average price of $211.43 and a 200 day moving average price of $201.40. The stock has a market capitalization of $596.16 billion, a P/E ratio of 11.58, a PEG ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the business posted $4.37 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.