Goelzer Investment Management Inc. Has $11.06 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Goelzer Investment Management Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,466 shares of the financial services provider’s stock after selling 124 shares during the period. JPMorgan Chase & Co. makes up approximately 0.6% of Goelzer Investment Management Inc.’s holdings, making the stock its 26th largest holding. Goelzer Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $11,063,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Quarterback LLC raised its holdings in shares of JPMorgan Chase & Co. by 48.2% in the 4th quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock worth $528,000 after buying an additional 1,009 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in shares of JPMorgan Chase & Co. by 52.9% during the fourth quarter. Waterloo Capital L.P. now owns 16,800 shares of the financial services provider’s stock valued at $2,858,000 after acquiring an additional 5,815 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 958,096 shares of the financial services provider’s stock valued at $162,972,000 after acquiring an additional 24,293 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $40,000. Finally, Veritas Investment Partners UK Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 390.0% in the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,862 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 1,482 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 3.5 %

JPM traded up $7.20 during midday trading on Friday, reaching $211.22. 10,213,415 shares of the company’s stock traded hands, compared to its average volume of 9,148,031. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. 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 firm has a fifty day moving average of $211.30 and a two-hundred day moving average of $203.03. The stock has a market capitalization of $606.55 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $4.37 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

Analyst Ratings Changes

A number of equities research analysts recently commented on JPM shares. Barclays increased their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.13.

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.