JPMorgan Chase & Co. (NYSE:JPM) Stake Decreased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,779 shares of the financial services provider’s stock after selling 790 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in JPMorgan Chase & Co. were worth $2,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Capital International Ltd. CA increased its stake in JPMorgan Chase & Co. by 1.8% during the 4th quarter. Capital International Ltd. CA now owns 164,182 shares of the financial services provider’s stock valued at $27,927,000 after buying an additional 2,907 shares during the period. Capital International Sarl increased its stake in shares of JPMorgan Chase & Co. by 10.4% during the fourth quarter. Capital International Sarl now owns 236,374 shares of the financial services provider’s stock valued at $40,207,000 after acquiring an additional 22,287 shares during the period. Amussen Hunsaker Associates LLC raised its holdings in JPMorgan Chase & Co. by 9.0% during the fourth quarter. Amussen Hunsaker Associates LLC now owns 3,108 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 257 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in JPMorgan Chase & Co. by 162.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 430,833 shares of the financial services provider’s stock worth $73,285,000 after purchasing an additional 266,492 shares during the period. Finally, Morningstar Investment Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $3,053,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $207.04 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $594.55 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 2.39 and a beta of 1.12. The business’s 50-day moving average is $211.42 and its 200-day moving average is $202.85. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the business posted $4.37 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal 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 paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.41%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Finally, Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

JPMorgan Chase & Co. Company 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.