BCS Wealth Management Acquires 62 Shares of JPMorgan Chase & Co. (NYSE:JPM)

BCS Wealth Management lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,168 shares of the financial services provider’s stock after acquiring an additional 62 shares during the period. BCS Wealth Management’s holdings in JPMorgan Chase & Co. were worth $759,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Granite Bay Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Granite Bay Wealth Management LLC now owns 26,518 shares of the financial services provider’s stock valued at $6,357,000 after buying an additional 588 shares during the period. First Financial Corp IN raised its position in shares of JPMorgan Chase & Co. by 3.2% in the 4th quarter. First Financial Corp IN now owns 11,912 shares of the financial services provider’s stock valued at $2,855,000 after acquiring an additional 366 shares during the period. PFW Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,206,000. Catalyst Private Wealth LLC grew its holdings in JPMorgan Chase & Co. by 3.6% during the fourth quarter. Catalyst Private Wealth LLC now owns 2,055 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 71 shares during the period. Finally, Noble Family Wealth LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $227,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.3 %

Shares of JPM stock opened at $247.35 on Wednesday. The firm’s fifty day moving average price is $242.60 and its two-hundred day moving average price is $223.51. 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. has a 1 year low of $164.30 and a 1 year high of $254.31. The firm has a market capitalization of $696.37 billion, a P/E ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JPM shares. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. 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’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price 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.