JPMorgan Chase & Co. (NYSE:JPM) is Douglas Lane & Associates LLC's 2nd Largest Position

Douglas Lane & Associates LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 764,012 shares of the financial services provider's stock after selling 27,933 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.6% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 2nd largest holding. Douglas Lane & Associates LLC's holdings in JPMorgan Chase & Co. were worth $183,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. InvesTrust bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $10,578,000. Private Client Services LLC lifted its stake in JPMorgan Chase & Co. by 1.6% during the 4th quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider's stock valued at $1,368,000 after acquiring an additional 91 shares in the last quarter. Sterneck Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.8% during the 4th quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider's stock worth $1,270,000 after acquiring an additional 93 shares during the last quarter. Innova Wealth Partners bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $422,000. Finally, One Wealth Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $210,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $0.14 during trading on Wednesday, hitting $243.03. 8,671,845 shares of the company were exchanged, compared to its average volume of 9,210,940. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The stock has a 50 day moving average of $240.46 and a 200 day moving average of $221.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $684.21 billion, a PE ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of JPMorgan Chase & Co. in a report on Tuesday. They set a "hold" rating and a $260.00 price target on the stock. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Barclays increased their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an "overweight" rating in a research report on Monday. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Finally, Piper Sandler raised their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.