Reston Wealth Management LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Reston Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,823 shares of the financial services provider’s stock after buying an additional 127 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.3% of Reston Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Reston Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $806,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 171,464 shares of the financial services provider’s stock worth $36,155,000 after acquiring an additional 2,169 shares during the period. O ROURKE & COMPANY Inc boosted its position in JPMorgan Chase & Co. by 0.7% during the third quarter. O ROURKE & COMPANY Inc now owns 23,150 shares of the financial services provider’s stock worth $4,881,000 after purchasing an additional 170 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 0.9% in the third quarter. Cordatus Wealth Management LLC now owns 35,922 shares of the financial services provider’s stock valued at $7,574,000 after purchasing an additional 330 shares during the last quarter. United Asset Strategies Inc. increased its position in shares of JPMorgan Chase & Co. by 1.6% in the third quarter. United Asset Strategies Inc. now owns 81,409 shares of the financial services provider’s stock valued at $17,166,000 after buying an additional 1,312 shares in the last quarter. Finally, Whelan Financial raised its stake in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. Whelan Financial now owns 3,269 shares of the financial services provider’s stock worth $689,000 after buying an additional 70 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Barclays upped their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.81.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM stock opened at $222.94 on Monday. 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. 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. has a one year low of $139.23 and a one year high of $226.75. The company has a 50 day moving average price of $216.15 and a two-hundred day moving average price of $206.90.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (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. During the same period in the previous year, the company earned $4.33 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend 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 dividend yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

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.