FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys 790 Shares of JPMorgan Chase & Co. (NYSE:JPM)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 44,356 shares of the financial services provider’s stock after purchasing an additional 790 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.3% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 10th largest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in JPMorgan Chase & Co. were worth $9,353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPM. Wynn Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Wynn Capital LLC now owns 18,843 shares of the financial services provider’s stock valued at $3,973,000 after purchasing an additional 357 shares during the last quarter. Fiduciary Financial Group LLC lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Fiduciary Financial Group LLC now owns 3,058 shares of the financial services provider’s stock valued at $644,000 after buying an additional 68 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in JPMorgan Chase & Co. by 39.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 168,860 shares of the financial services provider’s stock valued at $35,587,000 after acquiring an additional 47,376 shares during the last quarter. LongView Wealth Management grew its holdings in JPMorgan Chase & Co. by 3.9% during the 3rd quarter. LongView Wealth Management now owns 3,576 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 133 shares during the period. Finally, Walker Financial Services Inc. bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $376,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JPM. Barclays boosted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler boosted 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.47.

JPMorgan Chase & Co. Stock Up 4.4 %

JPMorgan Chase & Co. stock opened at $222.28 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The firm’s 50-day simple moving average is $211.79 and its 200 day simple moving average is $203.65. 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 stock has a market cap of $632.42 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.

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.