Canandaigua National Trust Co of Florida Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Canandaigua National Trust Co of Florida raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after buying an additional 496 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Canandaigua National Trust Co of Florida’s holdings, making the stock its 20th largest position. Canandaigua National Trust Co of Florida’s holdings in JPMorgan Chase & Co. were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. in the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $32,000. West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 38.5% during the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on JPM. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $242.81.

JPMorgan Chase & Co. Trading Down 0.5 %

Shares of NYSE:JPM traded down $1.09 during trading on Monday, hitting $240.94. The company had a trading volume of 9,819,210 shares, compared to its average volume of 8,717,260. The stock has a market cap of $678.33 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a fifty day simple moving average of $239.74 and a two-hundred day simple moving average of $221.33. JPMorgan Chase & Co. has a one year low of $164.30 and a one year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the company earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

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.