SS&H Financial Advisors Inc. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,532 shares of the financial services provider’s stock after acquiring an additional 421 shares during the quarter. JPMorgan Chase & Co. accounts for 8.2% of SS&H Financial Advisors Inc.’s portfolio, making the stock its largest holding. SS&H Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $22,463,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of JPM. Retirement Group LLC boosted its stake in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at about $32,000. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $34,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $34,000. Finally, Davidson Capital Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of JPM opened at $212.84 on Friday. The company’s 50-day moving average is $211.22 and its 200-day moving average is $203.39. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $611.21 billion, a PE ratio of 11.87, a PEG ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.
JPMorgan Chase & Co. Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $213.47.
Check Out Our Latest Analysis on JPM
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.
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