Tlwm Sells 146 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Tlwm lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,922 shares of the financial services provider’s stock after selling 146 shares during the period. JPMorgan Chase & Co. comprises approximately 0.3% of Tlwm’s investment portfolio, making the stock its 22nd biggest position. Tlwm’s holdings in JPMorgan Chase & Co. were worth $1,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JPM. Axiom Advisory LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.8% in the third quarter. Axiom Advisory LLC now owns 12,011 shares of the financial services provider’s stock worth $2,525,000 after purchasing an additional 443 shares during the last quarter. Alpha Cubed Investments LLC boosted its position in JPMorgan Chase & Co. by 34.4% in the 3rd quarter. Alpha Cubed Investments LLC now owns 243,172 shares of the financial services provider’s stock valued at $51,275,000 after buying an additional 62,220 shares during the period. Callan Family Office LLC grew its stake in JPMorgan Chase & Co. by 45.5% in the 3rd quarter. Callan Family Office LLC now owns 8,543 shares of the financial services provider’s stock worth $1,801,000 after acquiring an additional 2,672 shares in the last quarter. Chapin Davis Inc. increased its position in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Chapin Davis Inc. now owns 32,441 shares of the financial services provider’s stock worth $6,840,000 after acquiring an additional 151 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of JPMorgan Chase & Co. by 34.2% during the third quarter. Versant Capital Management Inc now owns 2,769 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 705 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $210.90 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The stock has a fifty day moving average price of $211.30 and a 200-day moving average price of $203.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market cap of $605.63 billion, a PE ratio of 11.76, 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. 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 the consensus estimate of $42.23 billion. During the same quarter last year, the company earned $4.37 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Barclays raised their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $212.13.

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.