AIA Group Ltd Purchases 1,601 Shares of JPMorgan Chase & Co. (NYSE:JPM)

AIA Group Ltd increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,854 shares of the financial services provider’s stock after purchasing an additional 1,601 shares during the quarter. AIA Group Ltd’s holdings in JPMorgan Chase & Co. were worth $15,995,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of JPMorgan Chase & Co. by 51.2% in the first 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 during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $1,185,000. Hoey Investments Inc. grew its stake in JPMorgan Chase & Co. by 5.9% in the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after buying an additional 1,247 shares during the last quarter. Signaturefd LLC raised its holdings in JPMorgan Chase & Co. by 2.9% in the 1st quarter. Signaturefd LLC now owns 71,829 shares of the financial services provider’s stock valued at $14,387,000 after acquiring an additional 2,028 shares during the period. Finally, Capital Management Associates NY lifted its position in JPMorgan Chase & Co. by 117.7% during the first quarter. Capital Management Associates NY now owns 10,671 shares of the financial services provider’s stock worth $2,137,000 after acquiring an additional 5,769 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. Citigroup increased their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $224.31.

JPMorgan Chase & Co. Trading Up 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $239.41 on Tuesday. The firm has a market capitalization of $674.02 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $217.24 and its 200 day moving average is $208.46. JPMorgan Chase & Co. has a 1 year low of $145.16 and a 1 year high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the business earned $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.