Whelan Financial Acquires 70 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Whelan Financial grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,269 shares of the financial services provider’s stock after purchasing an additional 70 shares during the period. JPMorgan Chase & Co. makes up about 0.3% of Whelan Financial’s portfolio, making the stock its 20th biggest position. Whelan Financial’s holdings in JPMorgan Chase & Co. were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Group LLC grew its position in JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $32,000. Anfield Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $37,000. Finally, West Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $37,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on JPM. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Citigroup boosted their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.81.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $222.94 on Monday. JPMorgan Chase & Co. has a 12 month low of $139.23 and a 12 month high of $226.75. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The business’s 50 day simple moving average is $216.15 and its 200 day simple moving average is $206.90. The company has a market cap of $627.65 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 3.24 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS 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 business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.