JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by Hyperion Partners LLC

Hyperion Partners LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,245 shares of the financial services provider’s stock after selling 92 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Hyperion Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Hyperion Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ethic Inc. raised its stake in JPMorgan Chase & Co. by 19.3% during the 4th quarter. Ethic Inc. now owns 32,192 shares of the financial services provider’s stock valued at $5,476,000 after purchasing an additional 5,208 shares during the period. Kestra Advisory Services LLC grew its stake in JPMorgan Chase & Co. by 6.1% in 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 buying an additional 27,856 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 12.1% in the fourth 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 during the period. Pinnacle Holdings LLC boosted its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Pinnacle Holdings LLC now owns 13,304 shares of the financial services provider’s stock valued at $2,263,000 after purchasing an additional 99 shares during the period. Finally, Gibson Capital LLC lifted its holdings in shares of JPMorgan Chase & Co. by 17.8% during the fourth quarter. Gibson Capital LLC now owns 1,432 shares of the financial services provider’s stock worth $244,000 after buying an additional 216 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM traded up $0.38 on Thursday, reaching $213.80. The company’s stock had a trading volume of 1,233,617 shares, compared to its average volume of 9,066,771. The business’s 50-day moving average price is $211.22 and its two-hundred day moving average price is $203.39. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year 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. The firm has a market cap of $613.96 billion, a PE ratio of 11.90, a PEG ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the company posted $4.37 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal 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 $1.25 dividend. 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 2.34%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. 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. Piper Sandler boosted 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. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Oppenheimer raised their price target on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

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.