Peddock Capital Advisors LLC Has $6.84 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Peddock Capital Advisors LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,537 shares of the financial services provider’s stock after selling 171 shares during the period. JPMorgan Chase & Co. makes up 1.6% of Peddock Capital Advisors LLC’s holdings, making the stock its 12th biggest holding. Peddock Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,841,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JPM. Financial Avengers Inc. boosted its position in shares of JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 43 shares in the last quarter. Matrix Trust Co lifted its stake in JPMorgan Chase & Co. by 0.4% in the fourth quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock valued at $2,440,000 after buying an additional 43 shares during the period. One Charles Private Wealth Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock worth $2,568,000 after buying an additional 44 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 1.3% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock worth $725,000 after buying an additional 45 shares during the period. Finally, Sunburst Financial Group LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider’s stock valued at $1,201,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $244.25 on Tuesday. The company has a market capitalization of $687.65 billion, a PE ratio of 13.59, a PEG ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $242.08 and its 200-day moving average price is $223.20. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the firm earned $4.33 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Bank of America raised their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Truist Financial assumed coverage on JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They set a “hold” rating and a $260.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $245.83.

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.