JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 57.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 104,595 shares of the financial services provider’s stock after purchasing an additional 38,078 shares during the period. Miracle Mile Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $25,073,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Eagle Capital Management LLC grew its position in JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares during the period. Andra AP fonden grew its holdings in JPMorgan Chase & Co. by 82.2% during the 2nd quarter. Andra AP fonden now owns 270,000 shares of the financial services provider’s stock valued at $54,610,000 after purchasing an additional 121,800 shares in the last quarter. Hutchinson Capital Management CA increased its stake in JPMorgan Chase & Co. by 143.5% during the 2nd quarter. Hutchinson Capital Management CA now owns 5,089 shares of the financial services provider’s stock worth $1,029,000 after buying an additional 2,999 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in JPMorgan Chase & Co. by 13.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 420,057 shares of the financial services provider’s stock worth $84,961,000 after buying an additional 49,937 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. Truist Financial initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They set a “hold” rating and a $260.00 target price on the stock. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.8 %

NYSE:JPM opened at $244.25 on Tuesday. The firm has a market capitalization of $687.65 billion, a P/E ratio of 13.59, a P/E/G ratio of 3.54 and a beta of 1.11. The business has a 50 day simple moving average of $242.08 and a 200 day simple moving average of $223.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. 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 (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the company posted $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced 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 2.05%. The ex-dividend date of this dividend 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.