First National Bank of South Miami Has $1.35 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

First National Bank of South Miami reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,991 shares of the financial services provider’s stock after selling 120 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of First National Bank of South Miami’s investment portfolio, making the stock its 22nd biggest position. First National Bank of South Miami’s holdings in JPMorgan Chase & Co. were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $4,092,843,000. Vanguard Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares in the last quarter. GQG Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after acquiring an additional 4,083,231 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares in the last quarter. Finally, State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler decreased their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Jefferies Financial Group set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, September 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.1 %

Shares of NYSE JPM opened at $111.21 on Friday. The company has a 50 day simple moving average of $116.09 and a 200 day simple moving average of $122.16. The firm has a market cap of $326.13 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $3.78 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.33 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.

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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