Duncan Williams Asset Management LLC Invests $234,000 in JPMorgan Chase & Co. (NYSE:JPM)

Duncan Williams Asset Management LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,109 shares of the financial services provider’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Exencial Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 29,767 shares of the financial services provider’s stock valued at $5,063,000 after acquiring an additional 978 shares in the last quarter. Beacon Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 7.0% in the 4th quarter. Beacon Investment Advisors LLC now owns 2,089 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 136 shares in the last quarter. Prudential PLC increased its stake in shares of JPMorgan Chase & Co. by 45.0% in the 4th quarter. Prudential PLC now owns 236,451 shares of the financial services provider’s stock valued at $40,220,000 after acquiring an additional 73,389 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the 4th quarter. Schroder Investment Management Group now owns 5,104,331 shares of the financial services provider’s stock valued at $868,247,000 after acquiring an additional 124,811 shares in the last quarter. Finally, Wealth Quarterback LLC increased its stake in shares of JPMorgan Chase & Co. by 48.2% in the 4th quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 1,009 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $205.17 on Friday. The company’s 50-day moving average is $211.32 and its 200 day moving average is $202.90. 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 company has a market capitalization of $589.18 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $4.37 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $1.25 dividend. This is an increase 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 2.44%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analysts Set New Price Targets

A number of analysts have commented on JPM shares. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $220.00 to $224.00 in a research note on Monday. BMO Capital Markets boosted their price target 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 boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.