Private Client Services LLC Purchases 91 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Private Client Services LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,708 shares of the financial services provider’s stock after buying an additional 91 shares during the quarter. Private Client Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sterneck Capital Management LLC increased its position in JPMorgan Chase & Co. by 1.8% in the 4th quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 93 shares during the period. Innova Wealth Partners acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $422,000. One Wealth Capital Management LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $210,000. Norway Savings Bank raised its position in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Norway Savings Bank now owns 22,260 shares of the financial services provider’s stock worth $5,336,000 after purchasing an additional 151 shares during the last quarter. Finally, Rise Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rise Advisors LLC now owns 3,256 shares of the financial services provider’s stock worth $780,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JPM. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday. They issued a “hold” rating and a $260.00 price objective on the stock. Finally, Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Stock Up 0.0 %

Shares of NYSE JPM traded up $0.10 during mid-day trading on Wednesday, reaching $243.27. 4,783,800 shares of the company’s stock traded hands, compared to its average volume of 8,394,249. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day simple moving average of $240.46 and a 200 day simple moving average of $221.95. The stock has a market cap of $684.89 billion, a P/E ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 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 firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the company posted $4.33 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

About JPMorgan Chase & Co.

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.