Versant Capital Management Inc Has $910,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Versant Capital Management Inc boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 37.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,797 shares of the financial services provider’s stock after acquiring an additional 1,028 shares during the quarter. Versant Capital Management Inc’s holdings in JPMorgan Chase & Co. were worth $910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. Fairway Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth $34,000. Finally, West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $37,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $234.81.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $240.00 on Friday. 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 company has a market cap of $675.68 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The firm has a fifty day moving average price of $239.02 and a two-hundred day moving average price of $220.52. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter last year, the company earned $4.33 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

JPMorgan Chase & Co. Company 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.