Blake Schutter Theil Wealth Advisors LLC Acquires Shares of 11,971 JPMorgan Chase & Co. (NYSE:JPM)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,971 shares of the financial services provider's stock, valued at approximately $2,524,000. JPMorgan Chase & Co. makes up approximately 1.8% of Blake Schutter Theil Wealth Advisors LLC's investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $27,000. Fairway Wealth LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at about $32,000. Anfield Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at about $34,000. Davidson Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at about $37,000. Finally, West Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $37,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on JPM shares. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a report on Thursday. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Monday, July 15th. Finally, Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $224.31.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of JPMorgan Chase & Co. stock traded up $2.43 during trading on Monday, hitting $239.41. The company's stock had a trading volume of 9,013,408 shares, compared to its average volume of 9,094,714. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a fifty day simple moving average of $217.24 and a two-hundred day simple moving average of $208.46. The company has a market capitalization of $674.02 billion, a PE ratio of 13.40, a P/E/G ratio of 3.46 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $145.16 and a 52 week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.09%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. 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.