Advisor Resource Council Makes New $4.43 Million Investment in JPMorgan Chase & Co. (NYSE:JPM)

Advisor Resource Council bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,000 shares of the financial services provider's stock, valued at approximately $4,428,000. JPMorgan Chase & Co. makes up approximately 2.0% of Advisor Resource Council's holdings, making the stock its 7th biggest position.

Several other hedge funds also recently bought and sold shares of JPM. Graypoint LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. Graypoint LLC now owns 40,486 shares of the financial services provider's stock valued at $8,537,000 after purchasing an additional 994 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $2,524,000. Prudent Investors Network Inc. purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $340,000. M&G PLC raised its position in JPMorgan Chase & Co. by 2.9% in the 3rd quarter. M&G PLC now owns 398,102 shares of the financial services provider's stock worth $84,000,000 after purchasing an additional 11,181 shares during the period. Finally, Dechtman Wealth Management LLC raised its position in JPMorgan Chase & Co. by 2.2% in the 3rd quarter. Dechtman Wealth Management LLC now owns 5,829 shares of the financial services provider's stock worth $1,229,000 after purchasing an additional 128 shares during the period. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, July 15th. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $224.31.

JPMorgan Chase & Co. Stock Up 1.0 %

JPM traded up $2.43 during midday trading on Monday, hitting $239.41. 9,013,408 shares of the company's stock traded hands, compared to its average volume of 9,094,714. JPMorgan Chase & Co. has a one year low of $145.16 and a one year high of $248.00. The company has a market cap of $674.02 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. 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 stock's fifty day simple moving average is $217.24 and its 200-day simple moving average is $208.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date of this dividend 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 2.09%. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.

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.