JPMorgan Chase & Co. (NYSE:JPM) is Community Trust & Investment Co.’s 8th Largest Position

Community Trust & Investment Co. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 170,663 shares of the financial services provider’s stock after selling 1,191 shares during the quarter. JPMorgan Chase & Co. accounts for 2.5% of Community Trust & Investment Co.’s portfolio, making the stock its 8th biggest position. Community Trust & Investment Co.’s holdings in JPMorgan Chase & Co. were worth $40,910,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Eagle Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the last quarter. Fiera Capital Corp grew its position in shares of 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. PFG Advisors increased its stake in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. PFG Advisors now owns 37,494 shares of the financial services provider’s stock valued at $7,584,000 after buying an additional 623 shares during the period. Wealthgarden F.S. LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $631,000. Finally, Lansing Street Advisors lifted its stake in JPMorgan Chase & Co. by 7.2% in the second quarter. Lansing Street Advisors now owns 2,112 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JPM shares. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Barclays increased their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $252.22 on Thursday. The company has a market cap of $710.09 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.54 and a beta of 1.11. The business’s fifty day simple moving average is $242.60 and its two-hundred day simple moving average is $223.51. JPMorgan Chase & Co. has a 12 month low of $164.30 and a 12 month high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.