Mission Creek Capital Partners Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Mission Creek Capital Partners Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,862 shares of the financial services provider’s stock after acquiring an additional 156 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its 11th biggest holding. Mission Creek Capital Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $7,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advocate Group LLC raised its holdings in JPMorgan Chase & Co. by 2.9% during the second quarter. Advocate Group LLC now owns 44,409 shares of the financial services provider’s stock worth $8,982,000 after purchasing an additional 1,253 shares during the last quarter. Legacy Financial Strategies LLC boosted its position in shares of JPMorgan Chase & Co. by 16.0% in the 2nd quarter. Legacy Financial Strategies LLC now owns 3,801 shares of the financial services provider’s stock worth $793,000 after buying an additional 525 shares in the last quarter. Indiana Trust & Investment Management CO grew its stake in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 27,003 shares of the financial services provider’s stock valued at $5,462,000 after acquiring an additional 459 shares during the last quarter. Fortitude Family Office LLC increased its holdings in JPMorgan Chase & Co. by 26.0% during the 2nd quarter. Fortitude Family Office LLC now owns 7,408 shares of the financial services provider’s stock valued at $1,498,000 after acquiring an additional 1,527 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of JPMorgan Chase & Co. by 5.2% in the second quarter. Csenge Advisory Group now owns 33,891 shares of the financial services provider’s stock valued at $6,855,000 after purchasing an additional 1,682 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $234.81.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $244.82 on Wednesday. The business’s 50-day simple moving average is $228.56 and its 200-day simple moving average is $214.37. The firm has a market capitalization of $689.25 billion, a P/E ratio of 13.62, a P/E/G ratio of 3.57 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $155.88 and a 1-year high of $254.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the previous year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 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.