Campbell Wealth Management Has $398,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Campbell Wealth Management decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,889 shares of the financial services provider’s stock after selling 181 shares during the period. Campbell Wealth Management’s holdings in JPMorgan Chase & Co. were worth $398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp raised its stake in shares of JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 412 shares in the last quarter. Leeward Financial Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $232,000. BluePath Capital Management LLC increased its stake in JPMorgan Chase & Co. by 3.5% in the first quarter. BluePath Capital Management LLC now owns 8,114 shares of the financial services provider’s stock valued at $1,625,000 after acquiring an additional 277 shares during the period. E&G Advisors LP raised its position in JPMorgan Chase & Co. by 2.0% in the first quarter. E&G Advisors LP now owns 31,962 shares of the financial services provider’s stock worth $6,395,000 after purchasing an additional 614 shares in the last quarter. Finally, OMNI 360 Wealth Inc. lifted its stake in JPMorgan Chase & Co. by 21.2% during the first quarter. OMNI 360 Wealth Inc. now owns 1,884 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $219.78 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $142.79 and a twelve month high of $226.75. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $618.76 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 3.24 and a beta of 1.10. The business’s fifty day moving average is $216.17 and its 200-day moving average is $207.18.

JPMorgan Chase & Co. (NYSE:JPM) last posted its 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. 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 16.71% and a net margin of 19.64%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.28%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JPM. Royal Bank of Canada upped their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.81.

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.