F M Investments LLC Has $21.52 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

F M Investments LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,162 shares of the financial services provider’s stock after buying an additional 812 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of F M Investments LLC’s investment portfolio, making the stock its 22nd largest holding. F M Investments LLC’s holdings in JPMorgan Chase & Co. were worth $21,515,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JPM. Retirement Group LLC raised its holdings in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $34,000. Davidson Capital Management Inc. bought a new position in JPMorgan Chase & Co. in the first quarter worth $37,000. Finally, West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth $37,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Barclays upped their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $223.38.

JPMorgan Chase & Co. Trading Up 0.8 %

JPM opened at $221.58 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $142.79 and a 1-year high of $226.75. The stock has a market capitalization of $623.82 billion, a PE ratio of 12.33, a PEG ratio of 3.25 and a beta of 1.10. 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 firm has a 50-day moving average price of $216.19 and a two-hundred day moving average price of $207.43.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.33 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.26%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.