Armor Investment Advisors LLC Has $2.01 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Armor Investment Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,520 shares of the financial services provider's stock after selling 6,095 shares during the period. Armor Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,007,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $34,000. West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after purchasing an additional 50 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on JPM shares. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an "overweight" rating in a research note on Monday, July 15th. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Saturday, July 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $224.31.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $0.60 on Friday, reaching $236.98. The stock had a trading volume of 9,502,100 shares, compared to its average volume of 8,575,011. JPMorgan Chase & Co. has a 12 month low of $143.70 and a 12 month high of $248.00. The firm has a market capitalization of $667.18 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 3.61 and a beta of 1.10. The firm's 50-day moving average is $217.24 and its two-hundred day moving average is $208.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the company earned $4.33 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 17.52 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued 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 of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) 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.