Aspiriant LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,161 shares of the financial services provider’s stock after selling 1,558 shares during the period. Aspiriant LLC’s holdings in JPMorgan Chase & Co. were worth $3,158,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd grew its stake in shares of JPMorgan Chase & Co. by 13,551.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 322,724 shares of the financial services provider’s stock worth $51,103,000 after acquiring an additional 320,360 shares during the last quarter. Meridian Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Meridian Wealth Advisors LLC now owns 37,895 shares of the financial services provider’s stock worth $6,001,000 after acquiring an additional 531 shares during the last quarter. Sterling Financial Planning Inc. grew its stake in shares of JPMorgan Chase & Co. by 29.7% in the fourth quarter. Sterling Financial Planning Inc. now owns 1,749 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 400 shares during the last quarter. Blodgett Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $2,729,000. Finally, Hurlow Wealth Management Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on JPM shares. Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price for the company in a research report on Monday, July 18th. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. Royal Bank of Canada reduced their target price on JPMorgan Chase & Co. to $130.00 in a research report on Thursday, July 14th. Finally, The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $145.95.
JPMorgan Chase & Co. Stock Up 3.0 %
Shares of NYSE JPM opened at $115.76 on Monday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock has a market cap of $339.99 billion, a PE ratio of 9.29, a PEG ratio of 2.07 and a beta of 1.12. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The business has a fifty day moving average of $116.99 and a two-hundred day moving average of $129.20.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same period last year, the company posted $3.78 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.46%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.
About JPMorgan Chase & Co.
(Get Rating)
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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
Read More
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Want More Great Investing Ideas?
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.
