Carlton Hofferkamp & Jenks Wealth Management LLC Has $1.54 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,442 shares of the financial services provider’s stock after acquiring an additional 210 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in JPMorgan Chase & Co. by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after buying an additional 6,792,220 shares during the period. State Street Corp lifted its stake in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares in the last quarter. Capital Research Global Investors lifted its stake in JPMorgan Chase & Co. by 4.5% in the 1st quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after purchasing an additional 1,590,742 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $4,092,843,000. Finally, Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after buying an additional 877,422 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.9 %

Shares of JPMorgan Chase & Co. stock opened at $112.49 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $329.89 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a 50-day simple moving average of $116.03 and a two-hundred day simple moving average of $122.29.

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, missing the consensus estimate of $2.85 by ($0.09). The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted $3.78 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.56%. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Analyst Ratings Changes

Several analysts have recently weighed in on JPM shares. Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Jefferies Financial Group set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, September 12th. Finally, Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $154.00 to $153.00 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 ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.95.

About JPMorgan Chase & Co.

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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.

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

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