Fortem Financial Group LLC Has $2.92 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fortem Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,174 shares of the financial services provider’s stock after purchasing an additional 333 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of Fortem Financial Group LLC’s holdings, making the stock its 24th biggest position. Fortem Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,918,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JPM. Capital Market Strategies LLC boosted its stake in JPMorgan Chase & Co. by 2.6% during the 4th quarter. Capital Market Strategies LLC now owns 2,220 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 57 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of JPMorgan Chase & Co. by 3.1% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 141,181 shares of the financial services provider’s stock valued at $33,842,000 after buying an additional 4,181 shares during the last quarter. CWA Asset Management Group LLC raised its position in JPMorgan Chase & Co. by 11.9% in the 4th quarter. CWA Asset Management Group LLC now owns 107,146 shares of the financial services provider’s stock valued at $25,684,000 after buying an additional 11,398 shares during the last quarter. Pensionfund Sabic lifted its stake in JPMorgan Chase & Co. by 152.4% during the 4th quarter. Pensionfund Sabic now owns 26,500 shares of the financial services provider’s stock valued at $6,352,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in JPMorgan Chase & Co. by 14.5% during the 4th quarter. Nordea Investment Management AB now owns 3,062,925 shares of the financial services provider’s stock worth $735,041,000 after acquiring an additional 388,126 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on JPM shares. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $242.81.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $0.89 during midday trading on Monday, reaching $241.14. 6,988,707 shares of the company traded hands, compared to its average volume of 8,467,457. The firm’s fifty day moving average price is $239.74 and its two-hundred day moving average price is $221.33. The firm has a market capitalization of $678.89 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $164.30 and a 12 month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the business posted $4.33 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

JPMorgan Chase & Co. Company 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.