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

True Link Financial Advisors LLC has recently increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% during the third quarter of the year. This adjustment comes as part of the firm's latest filing with the Securities and Exchange Commission (SEC). Following this increase, True Link Financial now owns 1,198 shares of JPMorgan Chase, having purchased an additional 131 shares in the period. The total value of True Link Financial's holdings in JPMorgan Chase is now estimated at approximately $253,000, according to their most recent SEC filing.

Several other institutional investors and hedge funds have also been active in the stock during the same timeframe. For instance, Retirement Group LLC significantly expanded its stake in JPMorgan Chase by 227.1% in the first quarter, and now holds 157 shares valued at around $31,000 after acquiring an additional 109 shares. Additionally, Fairway Wealth LLC initiated a new investment in the company during the second quarter, amounting to approximately $32,000, while Anfield Capital Management LLC made a new position worth about $34,000 during the same period. West Financial Advisors LLC also entered the market with a new investment valued at $37,000 in the third quarter. Meanwhile, Davidson Capital Management Inc. acquired a new stake worth around $37,000 in the first quarter. Notably, institutional investors collectively own 71.55% of JPMorgan Chase's stock.

Changes in Analyst Ratings

Recently, various research analysts have provided updated ratings on JPMorgan Chase shares. BMO Capital Markets raised their price target for JPMorgan from $195.00 to $205.00, maintaining a "market perform" recommendation as of July 11th. Conversely, Wolfe Research downgraded the stock from "outperform" to a "peer perform" rating on July 8th. On October 14th, Evercore ISI increased the price target from $217.00 to $230.00 while assigning an "outperform" rating. The Royal Bank of Canada also updated their target price for the stock from $211.00 to $230.00 the same day with an "outperform" recommendation. Deutsche Bank reiterated a "hold" rating and set a target price of $235.00 on September 3rd. Currently, nine analysts have given the stock a hold rating, while eleven analysts have issued buy ratings, leading to a consensus rating of "Moderate Buy" with an average price target of $217.94 according to MarketBeat.com.

JPMorgan Chase & Co.'s Stock Performance

As of the last trading session, shares of JPMorgan Chase opened at $222.94. The company’s 50-day moving average stands at $216.15, while its 200-day moving average is $206.54. JPMorgan Chase holds a market capitalization of $634.30 billion, a price-to-earnings (P/E) ratio of 12.41, and a P/E growth (P/E/G) ratio of 3.28, along with a beta of 1.11. The stock has experienced a fifty-two week low of $139.23 and a high of $226.75. Its financial ratios reveal a debt-to-equity ratio of 1.27, alongside quick and current ratios of 0.91 and 0.89, respectively.

In its latest earnings report released on October 11th, JPMorgan Chase reported earnings of $4.37 per share, exceeding the forecasted earnings of $4.02 by $0.35. The company’s revenue for the quarter reached $43.32 billion, surpassing analyst predictions of $41.43 billion. Additionally, JPMorgan Chase achieved a return on equity of 16.71% and a net profit margin of 19.64%, indicating a 6.5% revenue increase compared to the same period last year. Analysts estimate that the company will report earnings of $17.52 per share for the ongoing fiscal year.

Increase in Quarterly Dividend

JPMorgan Chase also announced a recent increase in its quarterly dividend, which was paid out on October 31st. Investors who were on record as of October 4th received a dividend payment of $1.25. This is an increase from the previous dividend of $1.15, raising the annualized dividend to $5.00, which reflects a dividend yield of 2.24%. The ex-dividend date for this payment was October 4th, while the current payout ratio for the company is reported at 27.82%.

Company Overview

JPMorgan Chase & Co. operates as a global financial services firm. It has four primary segments, including Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB division offers a range of banking and financial services, including deposits, investments, lending products, mortgage support, and various credit services to both individuals and small businesses through physical bank branches, ATMs, and digital platforms.

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If you’re interested in tracking other hedge funds that hold JPMorgan Chase stock, consider researching recent 13F filings and insider transactions.

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