Evexia Wealth LLC Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Evexia Wealth LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,255 shares of the financial services provider’s stock after selling 1,838 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.9% of Evexia Wealth LLC’s portfolio, making the stock its 16th largest position. Evexia Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $8,280,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pinnacle Wealth Management Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 11,252 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 69 shares during the period. Requisite Capital Management LLC raised its position in JPMorgan Chase & Co. by 6.6% in the 3rd quarter. Requisite Capital Management LLC now owns 4,737 shares of the financial services provider’s stock valued at $999,000 after purchasing an additional 294 shares during the last quarter. Perfromance Wealth Partners LLC boosted its stake in JPMorgan Chase & Co. by 6.2% during the 3rd quarter. Perfromance Wealth Partners LLC now owns 165,601 shares of the financial services provider’s stock worth $34,918,000 after purchasing an additional 9,737 shares during the period. Meyer Handelman Co. grew its position in JPMorgan Chase & Co. by 3.3% during the 3rd quarter. Meyer Handelman Co. now owns 299,189 shares of the financial services provider’s stock worth $63,087,000 after purchasing an additional 9,473 shares during the last quarter. Finally, First Affirmative Financial Network increased its stake in JPMorgan Chase & Co. by 112.9% in the third quarter. First Affirmative Financial Network now owns 6,387 shares of the financial services provider’s stock valued at $1,347,000 after purchasing an additional 3,387 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Citigroup upped their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of $213.47.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $222.29 on Friday. 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 $632.45 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a fifty day moving average price of $211.79 and a 200 day moving average price of $203.70.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 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 business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the firm earned $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.