JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,000 shares of the financial services provider’s stock after selling 3,000 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Viking Fund Management LLC’s portfolio, making the stock its 22nd largest position. Viking Fund Management LLC’s holdings in JPMorgan Chase & Co. were worth $8,856,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunflower Bank N.A. lifted its stake in JPMorgan Chase & Co. by 6.1% in the third quarter. Sunflower Bank N.A. now owns 6,605 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 379 shares during the last quarter. Stonekeep Investments LLC increased its holdings 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 valued at $757,000 after acquiring an additional 56 shares during the period. Sound Income Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 6.6% in the 3rd quarter. Sound Income Strategies LLC now owns 8,798 shares of the financial services provider’s stock valued at $1,855,000 after acquiring an additional 542 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in JPMorgan Chase & Co. by 20.0% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 9,261 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 1,544 shares during the last quarter. Finally, McCarthy & Cox boosted its stake in JPMorgan Chase & Co. by 125.3% during the 3rd quarter. McCarthy & Cox now owns 4,023 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 2,237 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 4.4 %

Shares of NYSE JPM opened at $222.29 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $632.45 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The firm has a fifty day moving average of $211.79 and a 200-day moving average of $203.73. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.33 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.47.

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.