Albion Financial Group UT Sells 34,407 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Albion Financial Group UT decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,234 shares of the financial services provider’s stock after selling 34,407 shares during the period. JPMorgan Chase & Co. accounts for 1.4% of Albion Financial Group UT’s portfolio, making the stock its 21st largest position. Albion Financial Group UT’s holdings in JPMorgan Chase & Co. were worth $20,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 6.2% during the fourth quarter. Baird Financial Group Inc. now owns 5,607,169 shares of the financial services provider’s stock valued at $953,779,000 after buying an additional 329,139 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,070,027 shares of the financial services provider’s stock worth $182,012,000 after purchasing an additional 6,403 shares during the last quarter. Harbert Fund Advisors Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $1,301,000. Guardian Wealth Advisors LLC NC boosted its holdings in JPMorgan Chase & Co. by 1.3% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 24,024 shares of the financial services provider’s stock worth $4,087,000 after purchasing an additional 316 shares during the last quarter. Finally, Groupama Asset Managment purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $79,912,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $212.84 on Friday. The stock has a market cap of $605.57 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The firm has a 50-day moving average of $211.32 and a two-hundred day moving average of $203.46.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.06 by $0.31. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the company earned $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. Barclays raised their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Piper Sandler lifted their price target 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. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $213.47.

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.