Assetmark Inc. Has $117.66 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Assetmark Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 557,978 shares of the financial services provider's stock after acquiring an additional 17,998 shares during the period. Assetmark Inc.'s holdings in JPMorgan Chase & Co. were worth $117,655,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Townsend & Associates Inc grew its position in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Townsend & Associates Inc now owns 15,656 shares of the financial services provider's stock worth $3,498,000 after acquiring an additional 167 shares during the last quarter. Pegasus Partners Ltd. grew its position in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Pegasus Partners Ltd. now owns 17,388 shares of the financial services provider's stock worth $3,666,000 after purchasing an additional 51 shares during the last quarter. Crumly & Associates Inc. grew its position in JPMorgan Chase & Co. by 2.2% in the 3rd quarter. Crumly & Associates Inc. now owns 5,956 shares of the financial services provider's stock worth $1,256,000 after purchasing an additional 131 shares during the last quarter. United Bank increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares during the period. Finally, Windward Capital Management Co. CA bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $211,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of JPM traded up $0.71 during trading hours on Thursday, hitting $241.87. 9,950,697 shares of the company were exchanged, compared to its average volume of 9,096,159. The firm's 50 day moving average is $218.35 and its 200-day moving average is $209.33. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 52 week low of $148.46 and a 52 week high of $248.00. The company has a market cap of $680.95 billion, a PE ratio of 13.47, a PEG ratio of 3.48 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the previous year, the business earned $4.33 EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer raised their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $220.00 to $224.00 in a report on Monday, September 30th. Daiwa Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $224.31.

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.