Middleton & Co. Inc. MA Sells 3,147 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Middleton & Co. Inc. MA reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,787 shares of the financial services provider’s stock after selling 3,147 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.0% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 11th largest holding. Middleton & Co. Inc. MA’s holdings in JPMorgan Chase & Co. were worth $17,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its position in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC grew its position in shares of JPMorgan Chase & Co. by 66.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares during the last quarter. TrinityPoint Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 26,088 shares of the financial services provider’s stock worth $4,438,000 after acquiring an additional 160 shares in the last quarter. Finally, Cypress Asset Management Inc. TX bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $10,506,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JPM shares. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Citigroup upped their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $211.09 on Monday. The business’s 50-day moving average is $211.61 and its two-hundred day moving average is $201.81. The company has a market capitalization of $606.18 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.33 and a beta of 1.12. 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.

JPMorgan Chase & Co. (NYSE:JPM) last posted its 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. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the company earned $4.37 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

About JPMorgan Chase & Co.

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.