Rempart Asset Management Inc. Has $28.16 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Rempart Asset Management Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,486 shares of the financial services provider's stock after selling 5,340 shares during the period. JPMorgan Chase & Co. accounts for about 5.6% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 3rd largest position. Rempart Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $28,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sterneck Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.8% in the fourth quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider's stock valued at $1,270,000 after acquiring an additional 93 shares during the last quarter. Innova Wealth Partners acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $422,000. One Wealth Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $210,000. Norway Savings Bank grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Norway Savings Bank now owns 22,260 shares of the financial services provider's stock worth $5,336,000 after purchasing an additional 151 shares during the period. Finally, Rise Advisors LLC increased its position in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rise Advisors LLC now owns 3,256 shares of the financial services provider's stock worth $780,000 after purchasing an additional 73 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 3rd. Barclays boosted their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an "overweight" rating in a research report on Monday. Daiwa Capital Markets lowered their price objective on shares of 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. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $0.14 during mid-day trading on Wednesday, reaching $243.03. The company's stock had a trading volume of 8,671,845 shares, compared to its average volume of 9,210,940. 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 twelve month low of $164.30 and a twelve month high of $254.31. The business has a 50 day moving average price of $240.46 and a 200-day moving average price of $221.95. The firm has a market cap of $684.21 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

JPMorgan Chase & Co. Company 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.