Arvest Bank Trust Division Acquires Shares of 125,359 JPMorgan Chase & Co. (NYSE:JPM)

Arvest Bank Trust Division bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 125,359 shares of the financial services provider's stock, valued at approximately $26,433,000. JPMorgan Chase & Co. comprises approximately 1.5% of Arvest Bank Trust Division's portfolio, making the stock its 15th biggest position.

Several other large investors have also made changes to their positions in JPM. World Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. by 176.7% in the third quarter. World Investment Advisors LLC now owns 190,752 shares of the financial services provider's stock valued at $40,222,000 after acquiring an additional 121,819 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 7.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 716,329 shares of the financial services provider's stock worth $151,045,000 after purchasing an additional 51,551 shares during the last quarter. Sculati Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the third quarter. Sculati Wealth Management LLC now owns 20,315 shares of the financial services provider's stock worth $4,069,000 after purchasing an additional 291 shares during the period. Eaton Financial Holdings Company LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at about $957,000. Finally, Tudor Financial Inc. bought a new position in JPMorgan Chase & Co. during the third quarter worth about $1,548,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.3 %

NYSE JPM opened at $243.53 on Thursday. JPMorgan Chase & Co. has a 12 month low of $159.77 and a 12 month high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average of $232.79 and a 200-day moving average of $216.20. The company has a market cap of $685.62 billion, a PE ratio of 13.55, a PEG ratio of 3.54 and a beta of 1.11.

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 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.33 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.

Analyst Ratings Changes

A number of analysts have recently commented on JPM shares. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a "market perform" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Barclays increased their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $234.81.

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.

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