Sugarloaf Wealth Management LLC Has $4.61 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sugarloaf Wealth Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,844 shares of the financial services provider’s stock after buying an additional 170 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.9% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Sugarloaf Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp boosted its stake in JPMorgan Chase & Co. by 19.7% in the third quarter. Park Place Capital Corp now owns 10,734 shares of the financial services provider’s stock valued at $2,263,000 after buying an additional 1,766 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 5.8% in the third quarter. Atomi Financial Group Inc. now owns 54,816 shares of the financial services provider’s stock worth $11,558,000 after acquiring an additional 3,001 shares during the last quarter. Traveka Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the third quarter. Traveka Wealth LLC now owns 5,038 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 252 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Insight Wealth Strategies LLC now owns 12,404 shares of the financial services provider’s stock valued at $2,616,000 after purchasing an additional 166 shares in the last quarter. Finally, Marion Wealth Management grew its holdings in shares of JPMorgan Chase & Co. by 3.9% during the 3rd quarter. Marion Wealth Management now owns 16,772 shares of the financial services provider’s stock valued at $3,536,000 after purchasing an additional 636 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.13.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of NYSE JPM opened at $210.75 on Wednesday. The company’s 50 day moving average price is $211.30 and its 200-day moving average price is $203.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a market capitalization of $605.20 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.