Apella Capital LLC Buys 642 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Apella Capital LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,601 shares of the financial services provider’s stock after purchasing an additional 642 shares during the period. Apella Capital LLC’s holdings in JPMorgan Chase & Co. were worth $1,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Delta Financial Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.9% in the third quarter. Delta Financial Group Inc. now owns 22,720 shares of the financial services provider’s stock valued at $4,791,000 after buying an additional 203 shares during the period. Johnson & White Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 8,442 shares of the financial services provider’s stock worth $1,780,000 after acquiring an additional 189 shares during the period. Wiser Wealth Management Inc lifted its position in shares of JPMorgan Chase & Co. by 8.4% in the 3rd quarter. Wiser Wealth Management Inc now owns 1,120 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 87 shares during the period. Trinity Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 4.7% during the third quarter. Trinity Financial Advisors LLC now owns 19,424 shares of the financial services provider’s stock valued at $4,096,000 after purchasing an additional 869 shares during the period. Finally, Sterneck Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 13.9% during the third quarter. Sterneck Capital Management LLC now owns 5,206 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 635 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JPM shares. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Barclays lifted their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $212.13.

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of JPM opened at $205.17 on Friday. The stock’s fifty day simple moving average is $211.32 and its 200-day simple moving average is $202.90. The firm has a market capitalization of $589.18 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the firm earned $4.37 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

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.