Wedmont Private Capital Has $9.77 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Wedmont Private Capital boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,716 shares of the financial services provider’s stock after buying an additional 4,107 shares during the quarter. Wedmont Private Capital’s holdings in JPMorgan Chase & Co. were worth $9,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC grew its holdings in 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 during the period. 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 acquiring an additional 63 shares during the last quarter. Invera Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Invera Wealth Advisors LLC now owns 26,997 shares of the financial services provider’s stock worth $5,601,000 after acquiring an additional 400 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 76,632 shares of the financial services provider’s stock valued at $15,500,000 after acquiring an additional 466 shares during the period. Finally, Fiduciary Planning LLC lifted its holdings in JPMorgan Chase & Co. by 1.2% during the second quarter. Fiduciary Planning LLC now owns 4,636 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 55 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.2 %

Shares of NYSE JPM traded up $2.77 during midday trading on Monday, reaching $242.64. The company had a trading volume of 5,179,662 shares, compared to its average volume of 8,750,952. The stock has a market cap of $683.11 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The firm’s fifty day moving average price is $241.59 and its 200-day moving average price is $222.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter last year, the business earned $4.33 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. Truist Financial initiated coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price target on the stock. Piper Sandler increased their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research report on Thursday, November 7th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Citigroup increased 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 note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $245.83.

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.