Arlington Trust Co LLC Has $2.85 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Arlington Trust Co LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,522 shares of the financial services provider’s stock after purchasing an additional 80 shares during the quarter. JPMorgan Chase & Co. comprises about 0.6% of Arlington Trust Co LLC’s portfolio, making the stock its 20th largest holding. Arlington Trust Co LLC’s holdings in JPMorgan Chase & Co. were worth $2,851,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Greenwich Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Greenwich Wealth Management LLC now owns 12,771 shares of the financial services provider’s stock worth $2,693,000 after acquiring an additional 61 shares in the last quarter. Invesco LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Invesco LLC now owns 12,473 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 124 shares in the last quarter. Fullcircle Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 6.2% in the 3rd quarter. Fullcircle Wealth LLC now owns 8,766 shares of the financial services provider’s stock valued at $1,977,000 after purchasing an additional 514 shares during the period. F M Investments LLC increased its stake in JPMorgan Chase & Co. by 0.8% during the 3rd quarter. F M Investments LLC now owns 102,162 shares of the financial services provider’s stock worth $21,515,000 after purchasing an additional 812 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in JPMorgan Chase & Co. by 8.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 43,895 shares of the financial services provider’s stock worth $9,256,000 after buying an additional 3,604 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Citigroup upped their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $223.38.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $221.58 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $216.19 and its two-hundred day moving average price is $207.43. The firm has a market capitalization of $623.82 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 3.25 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $142.79 and a 12-month high of $226.75.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date 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 dividend yield of 2.26%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.