Fri Sep 20 13:03:09 UTC 2024: ## JPMorgan Chase Stock Sees Increased Investment from Institutional Investors
**New York, NY** – Thompson Siegel & Walmsley LLC, an institutional investor, boosted its holdings in JPMorgan Chase & Co. (NYSE: JPM) by 11.6% during the second quarter, according to Holdings Channel. The firm now owns 96,439 shares of the financial services giant, valued at $19,506,000.
This increased investment follows a trend of other institutional investors buying and selling JPMorgan Chase stock. Retirement Group LLC significantly grew its position by 227.1% in the first quarter, while Richardson Capital Management LLC, Anfield Capital Management LLC, Davidson Capital Management Inc., and Vermillion & White Wealth Management Group LLC all purchased new stakes in the company during various quarters.
Overall, institutional investors own 71.55% of JPMorgan Chase stock, demonstrating strong confidence in the company.
JPMorgan Chase & Co. currently operates worldwide through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The company recently announced a quarterly dividend increase, paying $1.25 per share on October 31st to stockholders of record as of October 4th. This represents a 2.38% dividend yield.
While several brokerages have issued “hold” or “market perform” ratings, others are more optimistic. Evercore ISI, Wells Fargo & Company, and BMO Capital Markets all increased their target prices on JPMorgan Chase stock, while Deutsche Bank Aktiengesellschaft maintained a “hold” rating with a $235.00 price target.
Overall, JPMorgan Chase continues to be a popular choice for investors, with an average rating of “Moderate Buy” and an average target price of $211.06, according to MarketBeat.
First Piper 