Lynch & Associates IN Has $13.73 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Lynch & Associates IN lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 57,274 shares of the financial services provider’s stock after selling 696 shares during the quarter. JPMorgan Chase & Co. accounts for 3.0% of Lynch & Associates IN’s holdings, making the stock its 6th largest holding. Lynch & Associates IN’s holdings in JPMorgan Chase & Co. were worth $13,729,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the last quarter. Arizona State Retirement System increased its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 832,637 shares of the financial services provider’s stock valued at $168,409,000 after purchasing an additional 3,015 shares during the last quarter. Blue Barn Wealth LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $210,000. Finally, Synergy Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 35.8% in the 2nd quarter. Synergy Asset Management LLC now owns 23,224 shares of the financial services provider’s stock valued at $4,697,000 after purchasing an additional 6,127 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JPM. Truist Financial started coverage on JPMorgan Chase & Co. in a research report on Tuesday. They issued a “hold” rating and a $260.00 price objective for the company. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $3.11 during trading hours on Friday, reaching $240.02. 10,203,786 shares of the company traded hands, compared to its average volume of 9,361,388. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The stock has a market capitalization of $675.74 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The stock has a fifty day simple moving average of $241.25 and a 200 day simple moving average of $222.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.