Balentine LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Balentine LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 80.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,134 shares of the financial services provider's stock after buying an additional 2,293 shares during the period. Balentine LLC's holdings in JPMorgan Chase & Co. were worth $1,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. BCGM Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 2.8% during the first quarter. BCGM Wealth Management LLC now owns 19,061 shares of the financial services provider's stock worth $3,818,000 after buying an additional 516 shares during the period. Accredited Investors Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.9% during the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after purchasing an additional 667 shares during the period. Bleakley Financial Group LLC increased its holdings in JPMorgan Chase & Co. by 1.4% in the 1st quarter. Bleakley Financial Group LLC now owns 87,063 shares of the financial services provider's stock valued at $17,439,000 after purchasing an additional 1,173 shares during the last quarter. Sunburst Financial Group LLC raised its position in JPMorgan Chase & Co. by 5.0% in the second quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock valued at $1,143,000 after purchasing an additional 268 shares during the period. Finally, Sageworth Trust Co raised its position in JPMorgan Chase & Co. by 37.9% in the third quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock valued at $603,000 after purchasing an additional 786 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of JPM traded up $0.60 during mid-day trading on Friday, reaching $236.98. The company's stock had a trading volume of 9,502,100 shares, compared to its average volume of 8,575,011. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12-month low of $143.70 and a 12-month high of $248.00. The stock has a market cap of $667.18 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. The company's 50 day moving average is $217.24 and its 200 day moving average is $208.35.

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 the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.52 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JPM shares. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Daiwa Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Saturday, July 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $224.31.

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.