JPMorgan Chase & Co. (NYSE:JPM) Holdings Cut by Bank of New Hampshire

Bank of New Hampshire cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 4th quarter, HoldingsChannel reports. The firm owned 29,988 shares of the financial services provider’s stock after selling 391 shares during the period. JPMorgan Chase & Co. accounts for about 1.8% of Bank of New Hampshire’s investment portfolio, making the stock its 10th biggest holding. Bank of New Hampshire’s holdings in JPMorgan Chase & Co. were worth $7,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at $636,000. Fiera Capital Corp increased its holdings in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its position in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 115,124 shares of the financial services provider’s stock worth $23,285,000 after buying an additional 2,857 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Evermay Wealth Management LLC now owns 21,225 shares of the financial services provider’s stock valued at $4,293,000 after acquiring an additional 320 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on JPM. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Barclays lifted their price objective on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $243.82.

JPMorgan Chase & Co. Trading Up 0.4 %

JPM stock traded up $0.87 during midday trading on Tuesday, reaching $241.72. The company’s stock had a trading volume of 815,302 shares, compared to its average volume of 7,328,580. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $680.52 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 3.54 and a beta of 1.11. The stock has a fifty day simple moving average of $240.05 and a two-hundred day simple moving average of $221.62. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.07%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

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.