Paragon Capital Management LLC Acquires 317 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Paragon Capital Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 21.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,790 shares of the financial services provider’s stock after acquiring an additional 317 shares during the quarter. Paragon Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JPM. WFA Asset Management Corp grew its holdings 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 in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth $1,185,000. Hoey Investments Inc. grew its stake in shares of 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 worth $4,482,000 after acquiring an additional 1,247 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of JPMorgan Chase & Co. by 8.2% in the first quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock valued at $18,241,000 after purchasing an additional 6,907 shares during the last quarter. Finally, Stonebrook Private Inc. lifted its position in shares of JPMorgan Chase & Co. by 7.1% during the first 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 in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JPM. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $227.13.

JPMorgan Chase & Co. Stock Up 1.5 %

Shares of NYSE JPM opened at $245.39 on Friday. JPMorgan Chase & Co. has a one year low of $150.09 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The business’s fifty day moving average price is $218.84 and its 200-day moving average price is $209.56. The stock has a market capitalization of $690.86 billion, a PE ratio of 13.66, a P/E/G ratio of 3.50 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 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 analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 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. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

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.