Capital Performance Advisors LLP Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Capital Performance Advisors LLP grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,598 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Capital Performance Advisors LLP’s holdings in JPMorgan Chase & Co. were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JPM. WFA Asset Management Corp raised its position in JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $1,185,000. Hoey Investments Inc. raised its holdings in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after acquiring an additional 1,247 shares in the last quarter. Advisors Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 8.8% in the first quarter. Advisors Capital Management LLC now owns 435,744 shares of the financial services provider’s stock worth $87,280,000 after acquiring an additional 35,403 shares during the period. Finally, Flossbach Von Storch AG bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $323,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Daiwa Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada increased their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.31.

JPMorgan Chase & Co. Stock Up 0.1 %

JPMorgan Chase & Co. stock opened at $239.58 on Wednesday. The business’s 50-day simple moving average is $217.53 and its two-hundred day simple moving average is $208.78. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $674.50 billion, a PE ratio of 13.33, a PEG ratio of 3.46 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $145.16 and a fifty-two week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the company earned $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.09%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

JPMorgan Chase & Co. Profile

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 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, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.