Founders Capital Management Has $8.44 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Founders Capital Management lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,221 shares of the financial services provider’s stock after selling 771 shares during the quarter. JPMorgan Chase & Co. accounts for 5.3% of Founders Capital Management’s portfolio, making the stock its 4th largest position. Founders Capital Management’s holdings in JPMorgan Chase & Co. were worth $8,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CHICAGO TRUST Co NA boosted its holdings in JPMorgan Chase & Co. by 8.2% in the 4th quarter. CHICAGO TRUST Co NA now owns 40,184 shares of the financial services provider’s stock worth $9,633,000 after buying an additional 3,060 shares during the period. Compton Wealth Advisory Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Compton Wealth Advisory Group LLC now owns 29,918 shares of the financial services provider’s stock worth $7,172,000 after acquiring an additional 472 shares during the period. Kieckhefer Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $50,000. ACT Advisors LLC. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $246,000. Finally, Fiduciary Alliance LLC lifted its holdings in JPMorgan Chase & Co. by 27.2% in the 4th quarter. Fiduciary Alliance LLC now owns 141,701 shares of the financial services provider’s stock worth $33,967,000 after purchasing an additional 30,293 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $2.31 on Monday, reaching $242.18. The company’s stock had a trading volume of 4,116,153 shares, compared to its average volume of 8,615,059. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $681.82 billion, a P/E ratio of 13.48, a PEG ratio of 3.54 and a beta of 1.11. The stock has a 50-day moving average price of $241.59 and a 200-day moving average price of $222.88. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the business earned $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JPM. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $245.83.

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.