Diversified Trust Co Has $17.89 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Diversified Trust Co lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,631 shares of the financial services provider’s stock after purchasing an additional 1,308 shares during the period. Diversified Trust Co’s holdings in JPMorgan Chase & Co. were worth $17,890,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JPM. Eagle Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after purchasing an additional 84 shares during the period. Van ECK Associates Corp acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $636,000. Fiera Capital Corp boosted its stake in JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 63 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 115,124 shares of the financial services provider’s stock worth $23,285,000 after acquiring an additional 2,857 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Evermay Wealth Management LLC now owns 21,225 shares of the financial services provider’s stock worth $4,293,000 after acquiring an additional 320 shares during the period. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JPM shares. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Daiwa Capital Markets decreased their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $243.82.

JPMorgan Chase & Co. Stock Up 1.4 %

JPM traded up $3.41 on Tuesday, hitting $244.26. 2,839,537 shares of the company were exchanged, compared to its average volume of 7,770,419. The stock’s fifty day moving average is $240.05 and its 200-day moving average is $221.62. JPMorgan Chase & Co. has a 12 month low of $164.30 and a 12 month high of $254.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $687.68 billion, a PE ratio of 13.59, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the business posted $4.33 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.