JPMorgan Chase & Co. (NYSE:JPM) Stake Decreased by Greenfield Savings Bank

Greenfield Savings Bank cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,819 shares of the financial services provider’s stock after selling 194 shares during the period. JPMorgan Chase & Co. makes up 2.5% of Greenfield Savings Bank’s investment portfolio, making the stock its 3rd largest position. Greenfield Savings Bank’s holdings in JPMorgan Chase & Co. were worth $5,233,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Kure Advisory LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $204,000. EWG Elevate Inc. lifted its holdings in JPMorgan Chase & Co. by 4.9% in the 3rd quarter. EWG Elevate Inc. now owns 1,207 shares of the financial services provider’s stock worth $255,000 after buying an additional 56 shares in the last quarter. IMZ Advisory Inc lifted its holdings in JPMorgan Chase & Co. by 23.1% in the 3rd quarter. IMZ Advisory Inc now owns 1,737 shares of the financial services provider’s stock worth $367,000 after buying an additional 326 shares in the last quarter. Cypress Financial Planning LLC grew its stake in shares of JPMorgan Chase & Co. by 31.1% during the third quarter. Cypress Financial Planning LLC now owns 1,392 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 330 shares in the last quarter. Finally, Stokes Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 3.6% during the third quarter. Stokes Capital Advisors LLC now owns 45,873 shares of the financial services provider’s stock worth $9,673,000 after acquiring an additional 1,574 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on JPM shares. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Barclays boosted their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $210.90 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a market capitalization of $605.63 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.39 and a beta of 1.11. 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 $211.30 and its two-hundred day moving average is $203.14.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the company earned $4.37 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. 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. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.89%.

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.