24,000 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Bretton Capital Management LLC

Bretton Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,000 shares of the financial services provider's stock, valued at approximately $5,061,000. JPMorgan Chase & Co. comprises approximately 4.8% of Bretton Capital Management LLC's investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $1,888,088,000. Swedbank AB acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $800,130,000. Capital Research Global Investors boosted its stake in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after buying an additional 3,252,451 shares during the period. Wulff Hansen & CO. boosted its stake in shares of JPMorgan Chase & Co. by 19,920.7% in the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock valued at $566,632,000 after buying an additional 2,787,510 shares during the period. Finally, Granite Bay Wealth Management LLC boosted its stake in shares of 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 during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $2.00 during trading on Tuesday, reaching $243.03. The company had a trading volume of 6,791,404 shares, compared to its average volume of 9,100,539. The firm has a market capitalization of $684.21 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The stock's fifty day moving average price is $220.06 and its 200 day moving average price is $210.55. JPMorgan Chase & Co. has a fifty-two week low of $151.92 and a fifty-two week high of $248.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.33 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.06%. 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%.

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.