JPMorgan Chase & Co. (NYSE:JPM) is ST Germain D J Co. Inc.’s 8th Largest Position

ST Germain D J Co. Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 192,444 shares of the financial services provider’s stock after buying an additional 1,282 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.1% of ST Germain D J Co. Inc.’s portfolio, making the stock its 8th largest holding. ST Germain D J Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $46,131,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JPM. Eagle Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.4% during the second 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 lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after buying an additional 63 shares in the last quarter. Arizona State Retirement System boosted its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 832,637 shares of the financial services provider’s stock worth $168,409,000 after buying an additional 3,015 shares during the period. Blue Barn Wealth LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $210,000. Finally, Synergy Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 35.8% during the 2nd quarter. Synergy Asset Management LLC now owns 23,224 shares of the financial services provider’s stock valued at $4,697,000 after acquiring an additional 6,127 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Truist Financial began coverage on JPMorgan Chase & Co. in a research report on Tuesday. They issued a “hold” rating and a $260.00 price target for the company. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $3.73 during midday trading on Friday, reaching $239.40. The stock had a trading volume of 3,858,107 shares, compared to its average volume of 8,283,640. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $673.99 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company’s 50-day moving average is $241.25 and its 200 day moving average is $222.25. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

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.