Harvest Portfolios Group Inc. Has $23.18 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Harvest Portfolios Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,942 shares of the financial services provider's stock after selling 11,633 shares during the period. Harvest Portfolios Group Inc.'s holdings in JPMorgan Chase & Co. were worth $23,182,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JPM. BCGM Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 2.8% in the 1st quarter. BCGM Wealth Management LLC now owns 19,061 shares of the financial services provider's stock valued at $3,818,000 after purchasing an additional 516 shares during the last quarter. Accredited Investors Inc. increased its stake in shares of JPMorgan Chase & Co. by 4.9% in the second quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock valued at $2,867,000 after purchasing an additional 667 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.4% during the first quarter. Bleakley Financial Group LLC now owns 87,063 shares of the financial services provider's stock valued at $17,439,000 after buying an additional 1,173 shares during the last quarter. Sunburst Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 5.0% during the second quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock worth $1,143,000 after buying an additional 268 shares during the period. Finally, Sageworth Trust Co grew its holdings in JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock worth $603,000 after buying an additional 786 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE JPM traded up $0.60 during mid-day trading on Friday, hitting $236.98. 9,502,100 shares of the company traded hands, compared to its average volume of 8,575,011. 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. has a 1 year low of $143.70 and a 1 year high of $248.00. The stock has a market capitalization of $667.18 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 3.61 and a beta of 1.10. The business has a 50 day moving average of $217.24 and a two-hundred day moving average of $208.35.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) 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 firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. This is a positive change 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 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup lifted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, July 15th. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Piper Sandler upped 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, Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average price target of $224.31.

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.