JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,264 shares of the financial services provider’s stock after purchasing an additional 786 shares during the period. SteelPeak Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $14,394,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sunburst Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider’s stock valued at $1,201,000 after acquiring an additional 45 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in JPMorgan Chase & Co. by 4.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 478,369 shares of the financial services provider’s stock valued at $100,869,000 after purchasing an additional 21,355 shares in the last quarter. Capstone Triton Financial Group LLC boosted its stake in JPMorgan Chase & Co. by 4.2% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 5,146 shares of the financial services provider’s stock worth $1,085,000 after purchasing an additional 209 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.3% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 2,124 shares of the financial services provider’s stock worth $448,000 after buying an additional 215 shares in the last quarter. Finally, Edge Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $1,622,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets boosted their price objective on 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. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada boosted their price target 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. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s 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. Stock Up 0.5 %

NYSE:JPM opened at $222.94 on Friday. JPMorgan Chase & Co. has a 52 week low of $139.23 and a 52 week high of $226.75. The stock’s fifty day moving average is $216.15 and its two-hundred day moving average is $206.72. The stock has a market capitalization of $627.65 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 firm had revenue of $43.32 billion for 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%. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.33 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.