JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 77,695 shares of the financial services provider’s stock after acquiring an additional 699 shares during the quarter. Boston Financial Mangement LLC’s holdings in JPMorgan Chase & Co. were worth $16,383,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JPM. BKM Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. BKM Wealth Management LLC now owns 14,660 shares of the financial services provider’s stock valued at $2,936,000 after acquiring an additional 297 shares in the last quarter. Horizon Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 3.6% in the first quarter. Horizon Wealth Management LLC now owns 5,028 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 173 shares in the last quarter. Kowal Investment Group LLC raised its stake in shares of JPMorgan Chase & Co. by 4.3% in the first quarter. Kowal Investment Group LLC now owns 9,996 shares of the financial services provider’s stock valued at $2,002,000 after acquiring an additional 411 shares in the last quarter. Little House Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 9.0% in the first quarter. Little House Capital LLC now owns 34,192 shares of the financial services provider’s stock valued at $6,849,000 after acquiring an additional 2,821 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. Miracle Mile Advisors LLC now owns 62,615 shares of the financial services provider’s stock valued at $12,542,000 after acquiring an additional 2,086 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $222.94 on Friday. The stock’s 50-day moving average is $216.15 and its two-hundred day moving average is $206.54. The firm has a market cap of $634.30 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $139.23 and a 1 year high of $226.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the company posted $4.33 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 17.52 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer cut their price target on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Finally, Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

About JPMorgan Chase & Co.

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.