Deroy & Devereaux Private Investment Counsel Inc. Has $36.16 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 171,464 shares of the financial services provider’s stock after purchasing an additional 2,169 shares during the period. JPMorgan Chase & Co. comprises approximately 2.1% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 7th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $36,155,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JPM. Verum Partners LLC lifted its holdings in JPMorgan Chase & Co. by 4.1% during the first quarter. Verum Partners LLC now owns 6,195 shares of the financial services provider’s stock valued at $1,241,000 after purchasing an additional 243 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in JPMorgan Chase & Co. by 3.1% during the first quarter. Measured Wealth Private Client Group LLC now owns 5,352 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 161 shares during the last quarter. West Oak Capital LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% during the first quarter. West Oak Capital LLC now owns 21,594 shares of the financial services provider’s stock valued at $4,325,000 after purchasing an additional 142 shares during the last quarter. Nvest Financial LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.1% in the first quarter. Nvest Financial LLC now owns 17,765 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 527 shares in the last quarter. Finally, Naviter Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. Naviter Wealth LLC now owns 21,057 shares of the financial services provider’s stock worth $4,218,000 after buying an additional 251 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of NYSE JPM opened at $222.94 on Monday. JPMorgan Chase & Co. has a one year low of $139.23 and a one year high of $226.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $216.15 and its two-hundred day simple moving average is $206.90. The stock has a market capitalization of $627.65 billion, a P/E ratio of 12.41, a PEG ratio of 3.24 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the business earned $4.33 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 17.52 EPS for the current fiscal 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 given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JPM. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada increased their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.81.

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.