JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,381 shares of the financial services provider’s stock after selling 210 shares during the period. Holdings held by Arkansas Financial Group Inc. in JPMorgan Chase & Co. were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Harbor Investment Advisory LLC raised its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Harbor Investment Advisory LLC now owns 68,512 shares of the financial services provider’s stock valued at $14,446,000 after buying an additional 202 shares during the last quarter. Mirador Capital Partners LP raised its holdings in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Mirador Capital Partners LP now owns 54,519 shares of the financial services provider’s stock valued at $11,496,000 after purchasing an additional 669 shares during the last quarter. Central Valley Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Central Valley Advisors LLC now owns 23,102 shares of the financial services provider’s stock worth $4,871,000 after acquiring an additional 151 shares during the last quarter. jvl associates llc increased its stake in shares of JPMorgan Chase & Co. by 6.5% during the third quarter. jvl associates llc now owns 2,026 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 124 shares in the last quarter. Finally, HBW Advisory Services LLC increased its stake in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. HBW Advisory Services LLC now owns 4,452 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 97 shares in the last quarter. 71.55% of shares are currently owned by institutional investors.

Analysts set new price targets

JPM has been the subject of several recent analyst reports. StockNews.com updated JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Piper Sandler raised its price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Barclays raised its price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.13, according to MarketBeat.

Read the latest stock report on JPMorgan Chase & Co.

The stocks of JPMorgan Chase & Co. increased by 3.5%

NYSE JPM traded up $7.20 during trading on Friday, reaching $211.22. The company’s stock had a trading volume of 10,213,415 shares, compared to its average volume of 9,148,031. The company has a 50-day moving average price of $211.30 and a 200-day moving average price of $203.03. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a market cap of $606.55 billion, a PE ratio of 11.78, a PEG ratio of 2.39 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91, and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM – Get Your Free Report ) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. In the same quarter last year, the business earned $4.37 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. increase the dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend. of $1.15. This represents an annualized dividend of $5.00 and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, October 4. JPMorgan Chase & Co.’s dividend payout ratio (DPR). it is currently 27.89%.

Company Profile JPMorgan Chase & Co

(Free report)

JPMorgan Chase & Co. operates as a global financial services company. 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, leasing and travel services for consumers and small businesses through bank branches, ATMs and digital and phone banking.

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