Greenleaf Trust Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Greenleaf Trust grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,567 shares of the financial services provider’s stock after purchasing an additional 2,837 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.2% of Greenleaf Trust’s portfolio, making the stock its 28th largest holding. Greenleaf Trust’s holdings in JPMorgan Chase & Co. were worth $27,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Meadow Creek Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 12,464 shares of the financial services provider’s stock valued at $2,628,000 after purchasing an additional 507 shares during the last quarter. Plan Group Financial LLC grew its holdings in JPMorgan Chase & Co. by 80.6% in the 3rd quarter. Plan Group Financial LLC now owns 1,873 shares of the financial services provider’s stock valued at $395,000 after buying an additional 836 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $644,000. Marietta Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Marietta Wealth Management LLC now owns 50,301 shares of the financial services provider’s stock worth $10,606,000 after acquiring an additional 522 shares during the period. Finally, GAM Holding AG boosted its position in shares of JPMorgan Chase & Co. by 12.4% during the 3rd quarter. GAM Holding AG now owns 82,965 shares of the financial services provider’s stock valued at $17,494,000 after acquiring an additional 9,151 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Morgan Stanley lowered shares of 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. Barclays increased their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler upped their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of NYSE JPM opened at $222.28 on Friday. The stock has a market cap of $638.31 billion, a P/E ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11. The business’s fifty day simple moving average is $215.23 and its 200-day simple moving average is $205.23. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the company earned $4.33 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.89%.

JPMorgan Chase & Co. 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.