Strategic Wealth Partners Ltd. Purchases 3,064 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Strategic Wealth Partners Ltd. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 52,186 shares of the financial services provider’s stock after acquiring an additional 3,064 shares during the period. JPMorgan Chase & Co. makes up approximately 1.1% of Strategic Wealth Partners Ltd.’s investment portfolio, making the stock its 19th largest holding. Strategic Wealth Partners Ltd.’s holdings in JPMorgan Chase & Co. were worth $11,004,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Icon Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,936,000. Hancock Whitney Corp boosted its position in JPMorgan Chase & Co. by 34.4% in the fourth quarter. Hancock Whitney Corp now owns 242,217 shares of the financial services provider’s stock valued at $41,201,000 after buying an additional 62,043 shares during the last quarter. Ethic Inc. boosted its position in JPMorgan Chase & Co. by 19.3% in the fourth quarter. Ethic Inc. now owns 32,192 shares of the financial services provider’s stock valued at $5,476,000 after buying an additional 5,208 shares during the last quarter. Jacobi Capital Management LLC boosted its position in JPMorgan Chase & Co. by 2.2% in the fourth quarter. Jacobi Capital Management LLC now owns 47,681 shares of the financial services provider’s stock valued at $8,110,000 after buying an additional 1,022 shares during the last quarter. Finally, Putnam Investments LLC boosted its position in JPMorgan Chase & Co. by 2.0% in the 4th quarter. Putnam Investments LLC now owns 3,638,999 shares of the financial services provider’s stock worth $618,994,000 after purchasing an additional 69,723 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on JPM shares. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Piper Sandler increased their price objective 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. Finally, Citigroup increased their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM opened at $210.75 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a market capitalization of $605.20 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The stock has a fifty day simple moving average of $211.30 and a two-hundred day simple moving average of $203.22. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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 during 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 business posted $4.37 EPS. As a group, equities analysts forecast 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. The ex-dividend date is Friday, October 4th. 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%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.