BMS Financial Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,190 shares of the financial services provider’s stock after purchasing an additional 326 shares during the period. BMS Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $697,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after purchasing an additional 6,792,220 shares in the last quarter. State Street Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares in the last quarter. Capital Research Global Investors lifted its stake in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock valued at $4,990,845,000 after acquiring an additional 1,590,742 shares in the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $4,092,843,000. Finally, Dimensional Fund Advisors LP lifted its stake in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after acquiring an additional 877,422 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.
JPMorgan Chase & Co. Trading Down 2.0 %
Shares of JPM opened at $115.83 on Wednesday. The business has a 50-day moving average of $115.96 and a 200 day moving average of $122.40. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The firm has a market cap of $339.68 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. JPMorgan Chase & Co.’s payout ratio is presently 32.10%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research note on Monday, July 18th. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Piper Sandler dropped their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Barclays set a $200.00 price objective on JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $145.95.
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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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