Generate Investment Management Ltd Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Generate Investment Management Ltd lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 48.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,420 shares of the financial services provider's stock after selling 28,179 shares during the period. Generate Investment Management Ltd's holdings in JPMorgan Chase & Co. were worth $6,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legacy Financial Strategies LLC lifted its position in shares of JPMorgan Chase & Co. by 3.5% in the first quarter. Legacy Financial Strategies LLC now owns 3,276 shares of the financial services provider's stock worth $656,000 after buying an additional 111 shares during the last quarter. M. Kraus & Co grew its position in JPMorgan Chase & Co. by 4.4% during the 1st quarter. M. Kraus & Co now owns 8,608 shares of the financial services provider's stock worth $1,724,000 after acquiring an additional 359 shares during the last quarter. Park Avenue Securities LLC grew its position in JPMorgan Chase & Co. by 1.5% during the 1st quarter. Park Avenue Securities LLC now owns 122,156 shares of the financial services provider's stock worth $24,468,000 after acquiring an additional 1,809 shares during the last quarter. Trust Co of the South lifted its holdings in JPMorgan Chase & Co. by 1.1% during the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider's stock worth $991,000 after buying an additional 53 shares in the last quarter. Finally, Inscription Capital LLC lifted its holdings in JPMorgan Chase & Co. by 170.7% during the 1st quarter. Inscription Capital LLC now owns 32,315 shares of the financial services provider's stock worth $6,371,000 after buying an additional 20,377 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JPM. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a "buy" rating in a research note on Wednesday, July 3rd. Wolfe Research cut JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating in a report on Monday, July 8th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Monday, July 15th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, July 15th. Finally, Daiwa Capital Markets dropped their price target 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $217.94.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $0.95 during midday trading on Friday, reaching $225.37. 7,000,543 shares of the company traded hands, compared to its average volume of 9,111,748. The firm has a market capitalization of $647.19 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The business has a 50 day moving average of $214.03 and a two-hundred day moving average of $204.58. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the prior year, the company posted $4.33 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.22%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.89%.

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.