JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,925 shares of the financial services provider’s stock after selling 99 shares during the period. JPMorgan Chase & Co. makes up 1.5% of Connors Investor Services Inc.’s portfolio, making the stock its 25th biggest position. Connors Investor Services Inc.’s holdings in JPMorgan Chase & Co. were worth $14,548,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its holdings in JPMorgan Chase & Co. by 1.5% in 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 during the last quarter. Aveo Capital Partners LLC raised its position 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 purchasing an additional 591 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 66.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after buying an additional 10,025 shares during the last quarter. TrinityPoint Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 26,088 shares of the financial services provider’s stock worth $4,438,000 after buying an additional 160 shares in the last quarter. Finally, Tidemark LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $56,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JPM. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Barclays upped their price objective 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. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $211.09 on Friday. The firm’s 50 day moving average is $211.61 and its two-hundred day moving average is $201.73. The firm has a market capitalization of $606.18 billion, a P/E ratio of 11.77, a PEG ratio of 2.33 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48.

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, beating the consensus estimate of $4.19 by $1.93. The firm 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 last year, the firm earned $4.37 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

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.