JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by White Pine Investment CO

White Pine Investment CO increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,683 shares of the financial services provider’s stock after acquiring an additional 357 shares during the period. JPMorgan Chase & Co. comprises 2.2% of White Pine Investment CO’s holdings, making the stock its 17th largest position. White Pine Investment CO’s holdings in JPMorgan Chase & Co. were worth $7,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JPM. Prossimo Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.5% in the third quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider’s stock valued at $1,843,000 after buying an additional 47 shares in the last quarter. New Covenant Trust Company N.A. grew its position in shares of JPMorgan Chase & Co. by 9.1% during the 3rd quarter. New Covenant Trust Company N.A. now owns 6,323 shares of the financial services provider’s stock valued at $1,331,000 after acquiring an additional 529 shares during the period. Northern Financial Advisors Inc increased its stake in shares of JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Northern Financial Advisors Inc now owns 11,283 shares of the financial services provider’s stock valued at $2,379,000 after purchasing an additional 203 shares in the last quarter. Optas LLC raised its holdings in JPMorgan Chase & Co. by 35.3% in the 3rd quarter. Optas LLC now owns 15,971 shares of the financial services provider’s stock worth $3,368,000 after purchasing an additional 4,167 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in JPMorgan Chase & Co. by 3.7% during the third quarter. Princeton Global Asset Management LLC now owns 63,794 shares of the financial services provider’s stock worth $13,452,000 after purchasing an additional 2,258 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. Evercore ISI upped 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. Barclays increased their price objective 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. Piper Sandler boosted 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 note on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Citigroup lifted their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Eight research 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 presently has an average rating of “Moderate Buy” and an average price target of $223.38.

JPMorgan Chase & Co. Trading Up 11.5 %

Shares of JPM stock opened at $247.06 on Thursday. 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. has a twelve month low of $142.82 and a twelve month high of $248.00. The company’s 50-day moving average price is $216.71 and its 200-day moving average price is $207.71. The stock has a market cap of $695.56 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 3.25 and a beta of 1.10.

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, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.33 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 17.52 earnings per share 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.02%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.