JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,846 shares of the financial services provider’s stock after selling 1,384 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Affiance Financial LLC lifted its stake in JPMorgan Chase & Co. by 0.9% during the third quarter. Affiance Financial LLC now owns 7,515 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 67 shares during the last quarter. Sunflower Bank N.A. lifted its position in shares of JPMorgan Chase & Co. by 6.1% in the 3rd quarter. Sunflower Bank N.A. now owns 6,605 shares of the financial services provider’s stock worth $1,393,000 after buying an additional 379 shares during the last quarter. Stonekeep Investments LLC lifted its position in shares of JPMorgan Chase & Co. by 1.6% in the 3rd quarter. Stonekeep Investments LLC now owns 3,592 shares of the financial services provider’s stock worth $757,000 after buying an additional 56 shares during the last quarter. Sound Income Strategies LLC raised its stake in JPMorgan Chase & Co. by 6.6% during the third quarter. Sound Income Strategies LLC now owns 8,798 shares of the financial services provider’s stock worth $1,855,000 after acquiring an additional 542 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in JPMorgan Chase & Co. by 20.0% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 9,261 shares of the financial services provider’s stock valued at $1,953,000 after acquiring an additional 1,544 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Piper Sandler raised 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.47.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $222.29 on Monday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average of $211.79 and a two-hundred day moving average of $203.73. The company has a market capitalization of $632.45 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This is a positive change 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 2.25%. JPMorgan Chase & Co.’s payout ratio is 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.