Atlantic Union Bankshares Corp reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,322 shares of the financial services provider's stock after selling 5,068 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.5% of Atlantic Union Bankshares Corp's holdings, making the stock its 13th biggest holding. Atlantic Union Bankshares Corp's holdings in JPMorgan Chase & Co. were worth $12,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $32,000. HBC Financial Services PLLC increased its holdings in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider's stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Financial Connections Group Inc. increased its holdings in JPMorgan Chase & Co. by 48.5% in the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider's stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. 67.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JPM. UBS Group set a $124.00 target price on JPMorgan Chase & Co. in a report on Tuesday, October 18th. Morgan Stanley raised JPMorgan Chase & Co. from an "underweight" rating to an "overweight" rating and increased their price target for the company from $126.00 to $153.00 in a research note on Tuesday, December 6th. Jefferies Financial Group set a $117.00 price target on JPMorgan Chase & Co. in a research note on Monday, September 12th. Credit Suisse Group set a $150.00 price target on JPMorgan Chase & Co. in a research note on Friday. Finally, Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research note on Thursday, January 5th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.39.

Insider Activity

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of NYSE:JPM opened at $137.37 on Tuesday. The business's 50 day simple moving average is $133.10 and its two-hundred day simple moving average is $121.24. The firm has a market cap of $402.93 billion, a P/E ratio of 11.60, a PEG ratio of 2.16 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $169.81.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.16. The business had revenue of $32.72 billion for the quarter, compared to analyst estimates of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 11.69 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.91%. JPMorgan Chase & Co.'s dividend payout ratio is presently 33.78%.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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