JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,381 shares of the financial services provider’s stock after selling 210 shares during the period. Arkansas Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Harbor Investment Advisory LLC lifted its stake in JPMorgan Chase & Co. by 0.3% during the third quarter. Harbor Investment Advisory LLC now owns 68,512 shares of the financial services provider’s stock valued at $14,446,000 after purchasing an additional 202 shares during the last quarter. Mirador Capital Partners LP increased its holdings in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Mirador Capital Partners LP now owns 54,519 shares of the financial services provider’s stock valued at $11,496,000 after buying an additional 669 shares in the last quarter. Central Valley Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Central Valley Advisors LLC now owns 23,102 shares of the financial services provider’s stock valued at $4,871,000 after acquiring an additional 151 shares during the last quarter. jvl associates llc boosted its stake in shares of JPMorgan Chase & Co. by 6.5% during the 3rd quarter. jvl associates llc now owns 2,026 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 124 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. HBW Advisory Services LLC now owns 4,452 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 97 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group boosted 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 note on Wednesday, July 3rd. Finally, Barclays raised their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.13.

JPMorgan Chase & Co. Stock Up 3.5 %

NYSE JPM traded up $7.20 during trading on Friday, reaching $211.22. The company’s stock had a trading volume of 10,213,415 shares, compared to its average volume of 9,148,031. The business has a 50-day moving average price of $211.30 and a 200-day moving average price of $203.03. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock has a market capitalization of $606.55 billion, a PE ratio of 11.78, a PEG ratio of 2.39 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 released its quarterly earnings data 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. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $4.37 EPS. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

JPMorgan Chase & Co. Company 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.