Venturi Wealth Management LLC Buys 880 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Venturi Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,115 shares of the financial services provider’s stock after purchasing an additional 880 shares during the period. Venturi Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,922,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JPM. WFA Asset Management Corp increased its position in JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after buying an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $1,185,000. Hoey Investments Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.9% during the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock worth $4,482,000 after acquiring an additional 1,247 shares during the last quarter. Empowered Funds LLC raised its stake in JPMorgan Chase & Co. by 8.2% in the 1st quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock valued at $18,241,000 after acquiring an additional 6,907 shares during the period. Finally, Stonebrook Private Inc. lifted its holdings in JPMorgan Chase & Co. by 7.1% during the 1st quarter. Stonebrook Private Inc. now owns 32,527 shares of the financial services provider’s stock valued at $6,515,000 after purchasing an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.5 %

JPM stock opened at $245.39 on Friday. JPMorgan Chase & Co. has a 52 week low of $150.09 and a 52 week high of $248.00. The business has a 50-day simple moving average of $218.84 and a 200 day simple moving average of $209.56. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $690.86 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $41.43 billion. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JPM. Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Company 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.