One Charles Private Wealth Services LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

One Charles Private Wealth Services LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,179 shares of the financial services provider’s stock after purchasing an additional 44 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 17th largest position. One Charles Private Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,568,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Canopy Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7.9% during the 3rd quarter. Canopy Partners LLC now owns 11,951 shares of the financial services provider’s stock worth $2,520,000 after acquiring an additional 877 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 2.5% during the third quarter. Kingsview Wealth Management LLC now owns 118,095 shares of the financial services provider’s stock worth $24,902,000 after purchasing an additional 2,839 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 14.0% in the 3rd quarter. Cerity Partners LLC now owns 1,715,050 shares of the financial services provider’s stock worth $361,635,000 after purchasing an additional 210,338 shares in the last quarter. Optivise Advisory Services LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $508,000. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 7.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 147,061 shares of the financial services provider’s stock valued at $31,009,000 after buying an additional 10,209 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $249.97 on Wednesday. The company has a 50-day moving average price of $224.80 and a 200-day moving average price of $212.74. The stock has a market cap of $703.75 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 3.61 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. JPMorgan Chase & Co. has a 12 month low of $152.71 and a 12 month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 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 business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the business posted $4.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Daiwa Capital Markets cut their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $229.31.

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.