JPMorgan Chase & Co. (NYSE:JPM) is Lowe Brockenbrough & Co. Inc.’s 7th Largest Position

Lowe Brockenbrough & Co. Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,167 shares of the financial services provider’s stock after selling 8,495 shares during the quarter. JPMorgan Chase & Co. makes up 2.0% of Lowe Brockenbrough & Co. Inc.’s investment portfolio, making the stock its 7th largest holding. Lowe Brockenbrough & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $30,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JPM. Americana Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.9% during the third quarter. Americana Partners LLC now owns 30,595 shares of the financial services provider’s stock worth $6,451,000 after purchasing an additional 268 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in JPMorgan Chase & Co. by 1.5% in the third quarter. Shepherd Financial Partners LLC now owns 46,891 shares of the financial services provider’s stock worth $9,887,000 after buying an additional 673 shares in the last quarter. Fonville Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $209,000. W Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.0% in the third quarter. W Advisors LLC now owns 8,604 shares of the financial services provider’s stock valued at $1,814,000 after purchasing an additional 168 shares during the last quarter. Finally, Human Investing LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $232,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. BMO Capital Markets increased their target price 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. Citigroup increased their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. 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, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $223.38.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $221.58 on Wednesday. The stock has a 50-day moving average of $216.19 and a 200 day moving average of $207.43. JPMorgan Chase & Co. has a twelve month low of $142.79 and a twelve month high of $226.75. The stock has a market capitalization of $623.82 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.25 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The business 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 business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.33 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.52 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. 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%. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.