C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys 375 Shares of JPMorgan Chase & Co. (NYSE:JPM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,581 shares of the financial services provider’s stock after acquiring an additional 375 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in JPMorgan Chase & Co. were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPM. Ethic Inc. grew its position in shares of JPMorgan Chase & Co. by 19.3% during the 4th quarter. Ethic Inc. now owns 32,192 shares of the financial services provider’s stock worth $5,476,000 after purchasing an additional 5,208 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of JPMorgan Chase & Co. by 6.1% during the 4th quarter. Kestra Advisory Services LLC now owns 483,813 shares of the financial services provider’s stock valued at $82,297,000 after acquiring an additional 27,856 shares during the period. Waverly Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.1% during the 4th quarter. Waverly Advisors LLC now owns 45,645 shares of the financial services provider’s stock worth $7,764,000 after purchasing an additional 4,935 shares in the last quarter. Pinnacle Holdings LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Pinnacle Holdings LLC now owns 13,304 shares of the financial services provider’s stock worth $2,263,000 after purchasing an additional 99 shares during the period. Finally, Gibson Capital LLC raised its stake in JPMorgan Chase & Co. by 17.8% in the fourth quarter. Gibson Capital LLC now owns 1,432 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 216 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on JPM shares. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Oppenheimer upped their target price on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. 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. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, BMO Capital Markets raised their price objective on 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. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.13.

JPMorgan Chase & Co. Trading Up 1.3 %

Shares of NYSE JPM opened at $213.41 on Thursday. The firm has a 50 day moving average price of $211.21 and a two-hundred day moving average price of $203.32. The stock has a market cap of $612.84 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. 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. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the company earned $4.37 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

JPMorgan Chase & Co. 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.