Aljian Capital Management LLC Invests $4.06 Million in JPMorgan Chase & Co. (NYSE:JPM)

Aljian Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,272 shares of the financial services provider's stock, valued at approximately $4,064,000. JPMorgan Chase & Co. accounts for approximately 1.0% of Aljian Capital Management LLC's investment portfolio, making the stock its 17th largest position.

Several other hedge funds have also bought and sold shares of the stock. TrinityPoint Wealth LLC raised its position in JPMorgan Chase & Co. by 36.1% during the third quarter. TrinityPoint Wealth LLC now owns 35,746 shares of the financial services provider's stock valued at $7,537,000 after purchasing an additional 9,487 shares during the period. Westfuller Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $941,000. Essential Planning LLC. raised its position in JPMorgan Chase & Co. by 9.9% during the third quarter. Essential Planning LLC. now owns 1,431 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 129 shares during the period. Claro Advisors LLC raised its position in JPMorgan Chase & Co. by 4.0% during the third quarter. Claro Advisors LLC now owns 44,544 shares of the financial services provider's stock valued at $9,393,000 after purchasing an additional 1,697 shares during the period. Finally, Cardano Risk Management B.V. raised its position in JPMorgan Chase & Co. by 3.2% during the third quarter. Cardano Risk Management B.V. now owns 794,613 shares of the financial services provider's stock valued at $167,552,000 after purchasing an additional 24,392 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $3.80 during trading on Friday, reaching $248.56. 7,994,315 shares of the company's stock traded hands, compared to its average volume of 9,093,902. JPMorgan Chase & Co. has a fifty-two week low of $152.71 and a fifty-two week 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. The firm has a market cap of $699.78 billion, a PE ratio of 13.82, a P/E/G ratio of 3.53 and a beta of 1.10. The company has a 50-day simple moving average of $222.25 and a 200-day simple moving average of $211.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its 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 period last year, the firm earned $4.33 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.01%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JPM. Citigroup upped their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Barclays increased their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $229.31.

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.