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

True Link Financial Advisors LLC has increased its investments in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% during the third quarter, as revealed in their latest filing with the Securities and Exchange Commission (SEC). This institutional investor now holds a total of 1,198 shares of the company’s stock, following the acquisition of an additional 131 shares during the period. The value of True Link Financial Advisors LLC’s holdings in JPMorgan Chase stands at approximately $253,000 according to the most recent SEC report.

Other institutional investors and hedge funds have also been active in buying and selling shares of JPMorgan Chase & Co. For instance, Retirement Group LLC has significantly boosted its position in the company by 227.1% during the first quarter, now owning 157 shares worth around $31,000 after adding 109 shares in the latest quarter. Additionally, Fairway Wealth LLC and Anfield Capital Management LLC made new purchases in the second quarter valued at about $32,000 and $34,000 respectively. West Financial Advisors LLC entered the scene in the third quarter with a new stake valued at $37,000, while Davidson Capital Management Inc. did the same during the first quarter, also with a stake around $37,000. Currently, around 71.55% of JPMorgan’s stock is held by institutional investors.

Recent Analyst Ratings

Analysts have provided varied insights on the shares of JPMorgan Chase. BMO Capital Markets recently raised their price target for JPMorgan Chase shares from $195.00 to $205.00, maintaining a “market perform” rating. On the other hand, Wolfe Research downgraded the company’s rating from “outperform” to “peer perform.” Evercore ISI, meanwhile, raised its target from $217.00 to $230.00 and declared an “outperform” rating on October 14th. The same day, Royal Bank of Canada also increased its price target to $230.00 with an “outperform” rating. Furthermore, Deutsche Bank reaffirmed a “hold” rating with a target price of $235.00. Current data indicates that nine analysts recommend holding the stock, while eleven advocate for buying it. Overall, the consensus rating shows a “Moderate Buy” with an average target price of approximately $217.94.

Stock Performance Overview

As of recent trading, shares of JPMorgan Chase opened at $222.94. The company’s 50-day moving average is situated at $216.15, while its 200-day moving average is at $206.54. The firm boasts a market capitalization of $634.30 billion, along with a price-to-earnings (P/E) ratio of 12.41 and a P/E growth (P/E/G) ratio of 3.28. Additionally, JPMorgan has seen a low of $139.23 and a high of $226.75 over the past 52 weeks. Its debt-to-equity ratio stands at 1.27, with a quick ratio of 0.91 and a current ratio of 0.89.

JPMorgan Chase recently reported its earnings on October 11th, posting an earnings per share (EPS) of $4.37 for the quarter, which exceeded the consensus estimate of $4.02 by $0.35. The revenue for this period reached $43.32 billion, surpassing analyst expectations of $41.43 billion, marking a 6.5% increase in revenue compared to the same quarter in the previous year.

Dividend Announcement

Moreover, JPMorgan Chase has recently raised its quarterly dividend, which was paid on October 31st. Shareholders recorded on October 4th received a dividend of $1.25, an increase from the preceding dividend of $1.15. This raises the annualized dividend to $5.00, yielding a 2.24% return. The ex-dividend date was also on October 4th, and the company reports a payout ratio of 27.82%.

Company Overview

JPMorgan Chase & Co. operates as a worldwide financial services firm, functioning through four primary segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment caters to various deposit, investment, lending products, cash management services, and more to consumers and small businesses through various channels, including traditional bank branches and digital banking platforms.

investment, stock, financial