354,189 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 354,189 shares of the financial services provider's stock, valued at approximately $74,684,000. JPMorgan Chase & Co. makes up 0.7% of B. Metzler seel. Sohn & Co. Holding AG's portfolio, making the stock its 28th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth $37,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.5 %

JPM traded up $3.79 during trading on Friday, hitting $248.55. 7,997,307 shares of the company's stock traded hands, compared to its average volume of 9,405,694. The stock has a market capitalization of $699.75 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10. The company's 50 day simple moving average is $223.14 and its two-hundred day simple moving average is $211.90. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $249.15. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.01%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Barclays raised their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Daiwa Capital Markets reduced 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 report on Thursday, October 10th. Finally, Oppenheimer cut shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.