JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,701 shares of the financial services provider’s stock after selling 264 shares during the quarter. JPMorgan Chase & Co. makes up 6.6% of McGinn Penninger Investment Management Inc.’s portfolio, making the stock its 4th biggest position. McGinn Penninger Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $9,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Belpointe Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 32,291 shares of the financial services provider’s stock worth $5,493,000 after acquiring an additional 709 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of JPMorgan Chase & Co. by 2.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,225,921 shares of the financial services provider’s stock worth $378,629,000 after purchasing an additional 57,344 shares during the last quarter. ROI Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $922,000. Holderness Investments Co. grew its position in JPMorgan Chase & Co. by 35.2% during the 4th quarter. Holderness Investments Co. now owns 26,141 shares of the financial services provider’s stock valued at $4,447,000 after purchasing an additional 6,799 shares during the last quarter. Finally, Edge Capital Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 30.9% during the fourth quarter. Edge Capital Group LLC now owns 63,881 shares of the financial services provider’s stock valued at $10,866,000 after buying an additional 15,098 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, Piper Sandler increased 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. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $210.79 on Tuesday. The stock has a market cap of $605.32 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $211.48 and its 200 day moving average is $202.73. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $42.23 billion. During the same quarter in the prior year, the business posted $4.37 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current 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 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 of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.

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.