JPMorgan Chase & Co. $JPM is IQ EQ FUND MANAGEMENT IRELAND Ltd’s 3rd Largest Position

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 95,144 shares of the financial services provider’s stock after selling 1,175 shares during the period. JPMorgan Chase & Co. comprises about 2.5% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s investment portfolio, making the stock its 3rd largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in JPMorgan Chase & Co. were worth $27,583,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JPM. Brighton Jones LLC raised its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC boosted its stake in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of JPMorgan Chase & Co. by 3.6% during the first quarter. Rosenberg Matthew Hamilton now owns 5,941 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 206 shares in the last quarter. D.A. Davidson & CO. increased its holdings in JPMorgan Chase & Co. by 1.8% during the first quarter. D.A. Davidson & CO. now owns 413,795 shares of the financial services provider’s stock valued at $101,504,000 after buying an additional 7,337 shares during the period. Finally, Barlow Wealth Partners Inc. raised its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. Barlow Wealth Partners Inc. now owns 86,992 shares of the financial services provider’s stock worth $21,187,000 after buying an additional 983 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on JPM shares. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Daiwa Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.38.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $313.63 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The company’s fifty day moving average price is $305.92 and its 200-day moving average price is $286.33. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The firm has a market capitalization of $862.40 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.