JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,019 shares of the financial services provider’s stock after selling 187 shares during the period. JPMorgan Chase & Co. comprises 2.2% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 10th biggest holding. Heartland Bank & Trust Co’s holdings in JPMorgan Chase & Co. were worth $4,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CFM Wealth Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 2.8% during the 1st quarter. CFM Wealth Partners LLC now owns 28,179 shares of the financial services provider’s stock worth $5,644,000 after buying an additional 779 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 5.1% during the 1st quarter. Chemistry Wealth Management LLC now owns 39,084 shares of the financial services provider’s stock worth $7,828,000 after buying an additional 1,910 shares during the last quarter. Davis Investment Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 1.3% during the 1st quarter. Davis Investment Partners LLC now owns 6,187 shares of the financial services provider’s stock worth $1,210,000 after buying an additional 81 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.2% during the 1st quarter. Sunbelt Securities Inc. now owns 28,529 shares of the financial services provider’s stock worth $5,714,000 after buying an additional 332 shares during the last quarter. Finally, RMR Wealth Builders lifted its position in shares of JPMorgan Chase & Co. by 5.3% during the 1st quarter. RMR Wealth Builders now owns 30,382 shares of the financial services provider’s stock worth $6,086,000 after buying an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPMorgan Chase & Co. stock opened at $222.28 on Friday. The company has a market cap of $638.31 billion, a P/E ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11. 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 one year low of $135.19 and a one year high of $225.92. The firm has a fifty day moving average of $215.23 and a two-hundred day moving average of $205.23.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the company posted $4.33 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JPM. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Oppenheimer reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

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.