Kathmere Capital Management LLC Has $1.81 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Kathmere Capital Management LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 23.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,553 shares of the financial services provider’s stock after acquiring an additional 1,428 shares during the period. Kathmere Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 8.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 97,908 shares of the financial services provider’s stock worth $23,470,000 after purchasing an additional 7,620 shares in the last quarter. Floyd Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,273,000. R.H. Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,771,000. Pines Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $4,795,000. Finally, Sovereign Financial Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 11.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 6,255 shares of the financial services provider’s stock worth $1,499,000 after acquiring an additional 667 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JPM shares. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Truist Financial initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price target for the company. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $252.22 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $242.60 and a two-hundred day simple moving average of $223.51. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31. The firm has a market cap of $710.09 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.