Accent Capital Management LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Accent Capital Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 84.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,861 shares of the financial services provider's stock after buying an additional 6,802 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of Accent Capital Management LLC's portfolio, making the stock its 12th biggest holding. Accent Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $3,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JPM. Capital International Investors lifted its position in shares of JPMorgan Chase & Co. by 1.9% in the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider's stock valued at $8,471,687,000 after acquiring an additional 778,297 shares in the last quarter. Capital World Investors raised its stake in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider's stock valued at $6,894,729,000 after purchasing an additional 150,812 shares during the period. Dimensional Fund Advisors LP boosted its stake in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after purchasing an additional 1,040,594 shares during the period. Capital Research Global Investors grew its holdings in JPMorgan Chase & Co. by 23.3% during the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after buying an additional 3,252,451 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $1,888,088,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6 %

NYSE:JPM traded up $3.80 during midday trading on Friday, hitting $248.56. The stock had a trading volume of 7,994,315 shares, compared to its average volume of 9,093,902. The stock has a 50-day moving average of $222.25 and a 200 day moving average of $211.36. The company has a market capitalization of $699.78 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 3.53 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $152.71 and a one year high of $249.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.33 EPS. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Analysts Set New Price Targets

Several analysts have commented on JPM shares. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $229.31.

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.