Farmers Trust Co. Has $20.31 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Farmers Trust Co. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,724 shares of the financial services provider’s stock after selling 1,387 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.8% of Farmers Trust Co.’s holdings, making the stock its 4th largest holding. Farmers Trust Co.’s holdings in JPMorgan Chase & Co. were worth $20,309,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Eagle Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the period. Fiera Capital Corp boosted its position in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the period. Vawter Financial Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 30.5% during the second quarter. Vawter Financial Ltd. now owns 3,550 shares of the financial services provider’s stock worth $718,000 after buying an additional 829 shares in the last quarter. Foundations Investment Advisors LLC raised its position in JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 95,156 shares of the financial services provider’s stock valued at $19,246,000 after buying an additional 5,946 shares during the last quarter. Finally, Wealth Effects LLC lifted its stake in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Wealth Effects LLC now owns 30,788 shares of the financial services provider’s stock valued at $6,227,000 after acquiring an additional 311 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JPM. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Truist Financial assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday. They set a “hold” rating and a $260.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $0.15 during midday trading on Wednesday, reaching $243.02. The company’s stock had a trading volume of 5,626,138 shares, compared to its average volume of 8,560,753. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $684.18 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11. The business’s 50 day moving average price is $240.46 and its two-hundred day moving average price is $221.95. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $4.33 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.