JPMorgan Chase & Co. (NYSE:JPM) is Norway Savings Bank’s 7th Largest Position

Norway Savings Bank boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,260 shares of the financial services provider’s stock after purchasing an additional 151 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.0% of Norway Savings Bank’s holdings, making the stock its 7th largest holding. Norway Savings Bank’s holdings in JPMorgan Chase & Co. were worth $5,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Eagle Capital Management LLC lifted its position in 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 buying an additional 84 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $636,000. Fiera Capital Corp boosted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 115,124 shares of the financial services provider’s stock valued at $23,285,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its position in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Evermay Wealth Management LLC now owns 21,225 shares of the financial services provider’s stock worth $4,293,000 after purchasing an additional 320 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Truist Financial assumed coverage on JPMorgan Chase & Co. in a research note on Tuesday. They issued a “hold” rating and a $260.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $2.37 during mid-day trading on Tuesday, reaching $243.22. 5,994,442 shares of the company’s stock were exchanged, compared to its average volume of 8,595,192. The company has a market cap of $684.75 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31. The stock’s 50 day moving average is $240.05 and its 200 day moving average is $221.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the firm posted $4.33 EPS. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. 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 2.06%. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

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.