JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lowered by Greenfield Savings Bank

Greenfield Savings Bank lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,344 shares of the financial services provider’s stock after selling 475 shares during the period. JPMorgan Chase & Co. makes up approximately 2.8% of Greenfield Savings Bank’s portfolio, making the stock its 3rd largest position. Greenfield Savings Bank’s holdings in JPMorgan Chase & Co. were worth $5,836,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its holdings in shares of 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 valued at $4,423,000 after purchasing an additional 84 shares in the last quarter. Fiera Capital Corp raised its position 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 during the last quarter. Kinsale Capital Group Inc. lifted its stake in JPMorgan Chase & Co. by 20.8% during the 2nd quarter. Kinsale Capital Group Inc. now owns 34,109 shares of the financial services provider’s stock valued at $6,899,000 after acquiring an additional 5,863 shares during the period. Biltmore Family Office LLC boosted its holdings in shares of JPMorgan Chase & Co. by 17.6% during the 2nd quarter. Biltmore Family Office LLC now owns 13,572 shares of the financial services provider’s stock valued at $2,745,000 after acquiring an additional 2,030 shares during the last quarter. Finally, SP Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 28.1% in the second quarter. SP Asset Management LLC now owns 3,096 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 680 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $247.35 on Wednesday. The company has a 50 day simple moving average of $242.60 and a two-hundred day simple moving average of $223.51. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $696.37 billion, a P/E ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JPM shares. Royal Bank of Canada increased their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.