Trifecta Capital Advisors Increases Its Stake in JPMorgan Chase & Co.

Trifecta Capital Advisors LLC has increased its ownership in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the third quarter. This update comes from the company’s recent 13F filing with the Securities and Exchange Commission. After acquiring an additional 137 shares, Trifecta now holds a total of 23,338 shares in the financial services provider. At the end of the latest reporting period, these holdings were valued at approximately $4,921,000.

Recent activity shows that other institutional investors are also making significant adjustments to their positions in JPMorgan Chase & Co. For instance, Retirement Group LLC raised its stake by an impressive 227.1% in the first quarter, bringing its total to 157 shares worth about $31,000, following the purchase of 109 additional shares. Moreover, Fairway Wealth LLC established a new position in JPMorgan Chase during the second quarter with an investment of around $32,000, while Richardson Capital Management LLC and Anfield Capital Management LLC also initiated new stakes valued at approximately $34,000 each. Davidson Capital Management Inc. was among those that purchased new shares during the first quarter, investing around $37,000. Overall, institutional and hedge fund investors own about 71.55% of the company’s stock.

Analysts Ratings and Price Targets

Wall Street analysts have been actively issuing reports on JPMorgan Chase & Co., leading to adjustments in their ratings and price targets. Recently, Daiwa Capital Markets lowered the price target for shares from $240.00 to $235.00 while maintaining an “overweight” rating. Oppenheimer also cut its price target from $234.00 to $232.00, issuing an “outperform” rating in their latest research note. Additionally, StockNews.com upgraded the rating from “sell” to “hold” in a report earlier this year. BMO Capital Markets has set a new price objective for JPMorgan Chase at $205.00, reflecting a previously maintained market performance rating. Deutsche Bank Aktiengesellschaft has reiterated a “hold” rating with a target price of $235.00 on JPMorgan Chase shares. In summary, nine analysts have assigned a hold rating, while eleven have rated the shares as a buy, resulting in an average rating of “Moderate Buy” with a target price averaging $217.94.

Current Stock Performance

As of the latest trading session on Friday, shares of NYSE:JPM opened at $225.43. The financial institution boasts a quick ratio and current ratio of 0.91, with a debt-to-equity ratio of 1.24. Recent trends show the company has a 50-day moving average price of $214.03 and a 200-day moving average price of $204.50. The market capitalization stands at $647.36 billion, with a price-to-earnings ratio of 12.57 and a price/earnings-to-growth ratio of 3.28. Notably, JPMorgan Chase has witnessed a 52-week low of $135.19 and a 52-week high of $225.92.

In its most recent quarterly earnings report released on October 11, JPMorgan Chase reported earnings of $4.37 per share, outperforming analysts’ expectations of $4.02 by a margin of $0.35. The company achieved a return on equity of 17.26% and a net margin of 20.32%. Revenue for the quarter was recorded at $43.32 billion, exceeding the anticipated $41.43 billion. The results illustrate an increase of 6.5% in revenue compared to the same quarter in the previous year, with analysts estimating earnings per share at 16.75 for the current fiscal year.

Dividend Announcement

In an additional development, JPMorgan Chase & Co. has declared its quarterly dividend scheduled for payment on October 31. Shareholders recorded as of October 4 will receive a dividend of $1.25 per share, marking an annualized dividend of $5.00 and a yield of 2.22%. This change reflects an increase from a previous quarterly dividend of $1.15. The company maintains a payout ratio of 27.89%.

Company Overview

JPMorgan Chase & Co. operates as a global financial services firm, structured into four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). CCB offers a wide range of services, including deposits, investments, lending products, cash management, and payment services, alongside mortgage origination and servicing, credit cards, and auto loans, catering to both consumers and small businesses through various channels.

JPMorgan, Investors, Dividends