Fragasso Financial Advisors Inc Buys 341 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fragasso Financial Advisors Inc boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,071 shares of the financial services provider’s stock after purchasing an additional 341 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $3,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. in the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth approximately $27,000. Fairway Wealth LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth approximately $32,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC raised its position in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 50 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Truist Financial began coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They set a “hold” rating and a $260.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.4 %

JPM stock traded up $3.28 during midday trading on Monday, reaching $243.15. 4,809,636 shares of the company traded hands, compared to its average volume of 8,700,477. The firm has a market capitalization of $684.55 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The business has a 50 day moving average of $241.59 and a 200-day moving average of $222.88. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

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.