Hunter Perkins Capital Management LLC Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Hunter Perkins Capital Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,469 shares of the financial services provider’s stock after selling 773 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,160,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Transform Wealth LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Transform Wealth LLC now owns 96,679 shares of the financial services provider’s stock worth $20,386,000 after buying an additional 1,027 shares during the period. McKinley Carter Wealth Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 8.8% during the third quarter. McKinley Carter Wealth Services Inc. now owns 26,448 shares of the financial services provider’s stock valued at $5,577,000 after acquiring an additional 2,129 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of JPMorgan Chase & Co. by 51.5% during the third quarter. Sumitomo Life Insurance Co. now owns 108,419 shares of the financial services provider’s stock worth $22,861,000 after acquiring an additional 36,860 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.6% in the third quarter. SeaCrest Wealth Management LLC now owns 28,171 shares of the financial services provider’s stock worth $5,940,000 after acquiring an additional 970 shares in the last quarter. Finally, Safeguard Financial LLC boosted its holdings in JPMorgan Chase & Co. by 17.5% in the third quarter. Safeguard Financial LLC now owns 4,019 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 600 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $223.64 on Thursday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $213.22 and a 200 day moving average price of $204.17. The company has a market cap of $642.22 billion, a P/E ratio of 12.47, a PEG ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. 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 presently 27.89%.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

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.