JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Shira Ridge Wealth Management

Shira Ridge Wealth Management increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,043 shares of the financial services provider’s stock after acquiring an additional 109 shares during the period. Shira Ridge Wealth Management’s holdings in JPMorgan Chase & Co. were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. in the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth $32,000. West Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $37,000. Finally, New England Capital Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 38.5% during the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $247.35 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $242.60 and its two-hundred day moving average price is $223.51. The firm has a market capitalization of $696.37 billion, a P/E 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.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial initiated coverage on JPMorgan Chase & Co. in a research note on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price target on the stock. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $245.83.

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.