Yeomans Consulting Group Inc. Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Yeomans Consulting Group Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.9% during the third quarter, HoldingsChannel reports. The firm owned 1,514 shares of the financial services provider’s stock after selling 205 shares during the period. Yeomans Consulting Group Inc.’s holdings in JPMorgan Chase & Co. were worth $319,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. grew its holdings in JPMorgan Chase & Co. by 4.8% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 16,153 shares of the financial services provider’s stock valued at $3,406,000 after purchasing an additional 733 shares in the last quarter. Washburn Capital Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.1% during the third quarter. Washburn Capital Management Inc. now owns 1,670 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 50 shares in the last quarter. Inscription Capital LLC increased its position in shares of JPMorgan Chase & Co. by 2.3% during the third quarter. Inscription Capital LLC now owns 33,527 shares of the financial services provider’s stock worth $7,069,000 after acquiring an additional 764 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,330 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 89 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its stake in shares of JPMorgan Chase & Co. by 5.0% in the third quarter. Smithbridge Asset Management Inc. DE now owns 47,983 shares of the financial services provider’s stock worth $10,118,000 after acquiring an additional 2,297 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JPM shares. Piper Sandler upped their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada increased their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $221.92 on Friday. The company has a 50-day moving average price of $216.06 and a two-hundred day moving average price of $206.26. JPMorgan Chase & Co. has a 52 week low of $137.47 and a 52 week high of $226.75. The stock has a market cap of $631.40 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

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.