BCS Wealth Management Has $759,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

BCS Wealth Management grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,168 shares of the financial services provider’s stock after purchasing an additional 62 shares during the period. BCS Wealth Management’s holdings in JPMorgan Chase & Co. were worth $759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Granite Bay Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Granite Bay Wealth Management LLC now owns 26,518 shares of the financial services provider’s stock worth $6,357,000 after buying an additional 588 shares in the last quarter. First Financial Corp IN boosted its holdings in JPMorgan Chase & Co. by 3.2% during the fourth quarter. First Financial Corp IN now owns 11,912 shares of the financial services provider’s stock valued at $2,855,000 after purchasing an additional 366 shares in the last quarter. PFW Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $1,206,000. Catalyst Private Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. Catalyst Private Wealth LLC now owns 2,055 shares of the financial services provider’s stock worth $493,000 after buying an additional 71 shares during the period. Finally, Noble Family Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $227,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.3 %

Shares of JPM opened at $247.35 on Wednesday. The stock’s fifty day simple moving average is $242.60 and its 200-day simple moving average is $223.51. The firm has a market capitalization of $696.37 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.02%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Truist Financial assumed coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, January 7th. They set a “hold” rating and a $260.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $245.83.

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.