JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,534 shares of the financial services provider's stock after acquiring an additional 2,617 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.3% of Baltimore Washington Financial Advisors Inc.'s investment portfolio, making the stock its 27th largest holding. Baltimore Washington Financial Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $23,940,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $1,888,088,000. Swedbank AB acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $800,130,000. Wulff Hansen & CO. raised its position in shares of JPMorgan Chase & Co. by 19,920.7% during the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after purchasing an additional 2,787,510 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 6,239.1% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after buying an additional 1,396,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after buying an additional 1,040,594 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $0.80 during midday trading on Wednesday, hitting $249.17. 2,497,088 shares of the stock were exchanged, compared to its average volume of 9,057,260. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $701.50 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $152.72 and a fifty-two week high of $254.31. The stock's 50-day moving average price is $224.80 and its 200-day moving average price is $212.74.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 for 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 firm's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 EPS. Research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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 2.01%. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JPM. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Finally, Daiwa Capital Markets reduced their price objective on 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus price target of $229.31.

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.