JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,464 shares of the financial services provider’s stock after acquiring an additional 507 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Meadow Creek Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,628,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Plan Group Financial LLC raised its holdings in shares of JPMorgan Chase & Co. by 80.6% in the 3rd quarter. Plan Group Financial LLC now owns 1,873 shares of the financial services provider’s stock valued at $395,000 after buying an additional 836 shares during the period. Elevated Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth about $644,000. Marietta Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the third quarter. Marietta Wealth Management LLC now owns 50,301 shares of the financial services provider’s stock worth $10,606,000 after purchasing an additional 522 shares in the last quarter. GAM Holding AG boosted its stake in shares of JPMorgan Chase & Co. by 12.4% in the third quarter. GAM Holding AG now owns 82,965 shares of the financial services provider’s stock valued at $17,494,000 after purchasing an additional 9,151 shares during the period. Finally, Community Trust & Investment Co. grew its holdings in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Community Trust & Investment Co. now owns 171,854 shares of the financial services provider’s stock valued at $36,237,000 after purchasing an additional 3,847 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Daiwa Capital Markets cut their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $222.28 on Friday. The stock’s 50-day moving average is $215.23 and its two-hundred day moving average is $205.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.92. The firm has a market cap of $638.31 billion, a price-to-earnings ratio of 12.40, a PEG 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 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 firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the business posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

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.