JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,926 shares of the financial services provider’s stock after purchasing an additional 268 shares during the period. Cadent Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Eagle Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after acquiring an additional 84 shares during the period. Fiera Capital Corp increased its stake in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares in the last quarter. Invera Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Invera Wealth Advisors LLC now owns 26,997 shares of the financial services provider’s stock worth $5,601,000 after purchasing an additional 400 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 76,632 shares of the financial services provider’s stock valued at $15,500,000 after buying an additional 466 shares in the last quarter. Finally, Fiduciary Planning LLC increased its stake in JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Fiduciary Planning LLC now owns 4,636 shares of the financial services provider’s stock worth $938,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Up 1.2 %

JPM stock traded up $2.77 during trading on Monday, hitting $242.64. 5,179,662 shares of the company’s stock were exchanged, compared to its average volume of 8,750,952. The stock has a market capitalization of $683.11 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $241.59 and a two-hundred day moving average price of $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 return on equity of 16.71% and a net margin of 19.64%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.33 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.