True Link Financial Advisors LLC Increases Its Stake in JPMorgan Chase & Co.

True Link Financial Advisors LLC has recently increased its stock holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% during the third quarter, as indicated in its latest filing with the SEC. After acquiring an additional 131 shares, the institutional investor now owns a total of 1,198 shares in the financial services firm. As of the latest report, these holdings are valued at approximately $253,000.

Other institutional investors and hedge funds have also been active in trading shares of JPMorgan Chase & Co. Retirement Group LLC significantly raised its stake in the company by 227.1% during the first quarter, now holding 157 shares valued at around $31,000 after purchasing an additional 109 shares last quarter. Similarly, Fairway Wealth LLC acquired a new position valued at about $32,000 during the second quarter, while Anfield Capital Management LLC made a new investment worth approximately $34,000 during the same period. West Financial Advisors LLC stepped into the market by purchasing a new position valued at $37,000 in the third quarter. Davidson Capital Management Inc. also bought shares in the first quarter valued at about $37,000. Currently, institutional investors hold approximately 71.55% of the stock.

Recent Analyst Ratings for JPMorgan Chase & Co.

Several research analysts have recently provided their insights into JPMorgan Chase & Co. BMO Capital Markets raised their price target from $195.00 to $205.00, maintaining a "market perform" rating on the stock. Conversely, Wolfe Research downgraded JPMorgan from "outperform" to "peer perform" in a report. In addition, Evercore ISI increased their price target from $217.00 to $230.00, also assigning an "outperform" rating. Royal Bank of Canada followed suit by raising their target from $211.00 to $230.00 with an "outperform" rating as well. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating with a target price set at $235.00. Overall, the consensus rating among analysts suggests a "Moderate Buy" with an average target price of $217.94.

Performance of JPMorgan Chase & Co.

On Friday, shares of JPMorgan Chase & Co. opened at $222.94. The company's 50-day and 200-day moving averages are currently $216.15 and $206.54, respectively. With a market capitalization nearing $634.30 billion, JPM shows a P/E ratio of 12.41 and a P/E/G ratio of 3.28. The stock notably has a one-year low of $139.23 and a high of $226.75, while maintaining a debt-to-equity ratio of 1.27, a quick ratio of 0.91, and a current ratio of 0.89.

In their earnings report released on October 11th, JPMorgan Chase & Co. announced earnings per share of $4.37, surpassing the analysts' expectations of $4.02. The company generated revenue of $43.32 billion for the quarter, exceeding the $41.43 billion forecasted by analysts, witnessing a 6.5% increase compared to the prior year.

Dividend Announcement by JPMorgan Chase & Co.

Recently, JPMorgan Chase & Co. also declared a quarterly dividend, which was paid on October 31st to investors on record as of October 4th. The current dividend of $1.25 represents an increase from the previous $1.15 per share, amounting to an annualized dividend of $5.00, which gives a dividend yield of 2.24%. The ex-dividend date was set for October 4th, and the company's payout ratio is currently at 27.82%.

Company Overview

JPMorgan Chase & Co. is a global financial services firm operating under several segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides various financial solutions, including deposits, investment and lending products, cash management, and mortgage services, catering to both consumers and small businesses through diverse platforms.

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