JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Pictet North America Advisors SA

Pictet North America Advisors SA lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,007 shares of the financial services provider’s stock after acquiring an additional 882 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of Pictet North America Advisors SA’s holdings, making the stock its 17th biggest holding. Pictet North America Advisors SA’s holdings in JPMorgan Chase & Co. were worth $17,081,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. raised its holdings in shares of JPMorgan Chase & Co. by 6.4% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 21,091 shares of the financial services provider’s stock valued at $4,427,000 after buying an additional 1,262 shares during the period. Blodgett Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 1.8% during the third quarter. Blodgett Wealth Advisors LLC now owns 11,261 shares of the financial services provider’s stock valued at $2,374,000 after purchasing an additional 203 shares during the period. Waldron Private Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 3.0% during the third quarter. Waldron Private Wealth LLC now owns 46,109 shares of the financial services provider’s stock worth $9,723,000 after purchasing an additional 1,330 shares in the last quarter. Hofer & Associates. Inc boosted its stake in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Hofer & Associates. Inc now owns 5,338 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 51 shares during the period. Finally, Eastern Bank grew its holdings in JPMorgan Chase & Co. by 153.4% during the 3rd quarter. Eastern Bank now owns 455,764 shares of the financial services provider’s stock valued at $96,102,000 after purchasing an additional 275,904 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $224.98 on Friday. The company has a market cap of $646.07 billion, a P/E ratio of 12.55, a PEG ratio of 3.28 and a beta of 1.11. The business has a 50 day moving average of $214.96 and a two-hundred day moving average of $205.09. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. 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 previous year, the firm posted $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Royal Bank of Canada increased their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

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.