Southern Capital Advisors LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Southern Capital Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 49.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,051 shares of the financial services provider’s stock after buying an additional 676 shares during the period. Southern Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Leuthold Group LLC raised its position in shares of JPMorgan Chase & Co. by 15.5% in the 3rd quarter. Leuthold Group LLC now owns 34,838 shares of the financial services provider’s stock worth $7,346,000 after acquiring an additional 4,679 shares in the last quarter. Family Investment Center Inc. grew its stake in JPMorgan Chase & Co. by 63.1% in the third quarter. Family Investment Center Inc. now owns 2,420 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 936 shares during the period. Greenspring Advisors LLC grew its stake in JPMorgan Chase & Co. by 37.0% in the third quarter. Greenspring Advisors LLC now owns 1,459 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 394 shares during the period. Hibernia Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 133.3% during the third quarter. Hibernia Wealth Partners LLC now owns 5,648 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 3,227 shares during the period. Finally, IVC Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. IVC Wealth Advisors LLC now owns 4,013 shares of the financial services provider’s stock valued at $846,000 after buying an additional 78 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $221.92 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $216.06 and a 200 day moving average of $206.26. The firm has a market cap of $631.40 billion, a PE ratio of 12.35, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $137.47 and a one year high of $226.75.

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 return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the business posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JPM. Piper Sandler raised their target price 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. Barclays lifted 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. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.94.

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.