JPMorgan Chase & Co. (NYSE:JPM) is Ferguson Wellman Capital Management Inc.'s 5th Largest Position

Ferguson Wellman Capital Management Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,507 shares of the financial services provider's stock after selling 66,559 shares during the period. JPMorgan Chase & Co. makes up 3.1% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 5th biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $148,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. Swedbank AB purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $800,130,000. Capital Research Global Investors lifted its position in JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock worth $3,445,185,000 after buying an additional 3,252,451 shares during the last quarter. Wulff Hansen & CO. boosted its stake in JPMorgan Chase & Co. by 19,920.7% in the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after buying an additional 2,787,510 shares in the last quarter. Granite Bay Wealth Management LLC grew its position in JPMorgan Chase & Co. by 6,239.1% during the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after acquiring an additional 1,396,194 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after acquiring an additional 1,040,594 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JPM. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Wolfe Research cut JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 8th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a "market perform" rating in a research note on Thursday, July 11th. Finally, Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $217.94.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $2.14 during trading on Monday, reaching $223.23. The company's stock had a trading volume of 5,857,753 shares, compared to its average volume of 9,095,718. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company's fifty day moving average is $214.37 and its 200-day moving average is $204.77. The company has a market capitalization of $641.04 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results 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 17.26% and a net margin of 20.32%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company earned $4.33 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.24%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.89%.

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.