JPMorgan Chase & Co. (NYSE:JPM) is Harbour Capital Advisors LLC’s 6th Largest Position

Harbour Capital Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,609 shares of the financial services provider’s stock after selling 220 shares during the period. JPMorgan Chase & Co. makes up about 2.4% of Harbour Capital Advisors LLC’s holdings, making the stock its 6th largest holding. Harbour Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,374,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NatWest Group plc boosted its stake in JPMorgan Chase & Co. by 8.7% during the third quarter. NatWest Group plc now owns 78,856 shares of the financial services provider’s stock valued at $16,628,000 after buying an additional 6,296 shares during the period. Ellsworth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 12.3% during the third quarter. Ellsworth Advisors LLC now owns 8,246 shares of the financial services provider’s stock valued at $1,739,000 after buying an additional 904 shares during the period. Drake & Associates LLC boosted its stake in JPMorgan Chase & Co. by 7.6% during the third quarter. Drake & Associates LLC now owns 5,658 shares of the financial services provider’s stock valued at $1,193,000 after buying an additional 402 shares during the period. Trust Co. of Vermont boosted its stake in JPMorgan Chase & Co. by 1.5% during the third quarter. Trust Co. of Vermont now owns 210,843 shares of the financial services provider’s stock valued at $44,458,000 after buying an additional 3,051 shares during the period. Finally, Marshall Financial Group LLC lifted its stake in JPMorgan Chase & Co. by 125.4% during the third quarter. Marshall Financial Group LLC now owns 5,504 shares of the financial services provider’s stock worth $1,161,000 after purchasing an additional 3,062 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JPM shares. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Citigroup lifted their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Jefferies Financial Group boosted their target price 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. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $225.43 on Friday. The firm’s fifty day simple moving average is $214.03 and its two-hundred day simple moving average is $204.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.92. The firm has a market capitalization of $647.36 billion, a P/E ratio of 12.57, a P/E/G 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 earnings per share (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 for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the company earned $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.22%. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

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.