Synergy Asset Management LLC Has $235,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Synergy Asset Management LLC cut its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,720 shares of the financial services provider’s stock after selling 128 shares during the period. Synergy Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $235,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $4,092,843,000. GQG Partners LLC boosted its stake in JPMorgan Chase & Co. by 403.3% during the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after purchasing an additional 4,083,231 shares during the last quarter. Renaissance Technologies LLC boosted its stake in JPMorgan Chase & Co. by 1,543.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after purchasing an additional 3,138,200 shares during the last quarter. State Street Corp boosted its stake in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in JPMorgan Chase & Co. by 21.4% during the 4th quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after purchasing an additional 952,346 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 3.0 %

Shares of JPM stock opened at $115.76 on Friday. The company’s fifty day simple moving average is $116.99 and its two-hundred day simple moving average is $129.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The stock has a market capitalization of $339.99 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.03 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JPM. Piper Sandler cut their price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Monday, July 18th. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. The Goldman Sachs Group set a $151.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. Finally, Credit Suisse Group dropped their target price on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $145.95.

About JPMorgan Chase & Co.

(Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Featured Stories

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.