Capital City Trust Co. FL Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Capital City Trust Co. FL raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 29.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,779 shares of the financial services provider's stock after purchasing an additional 3,119 shares during the period. Capital City Trust Co. FL's holdings in JPMorgan Chase & Co. were worth $2,905,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Accredited Investors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 4.9% during the second quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after acquiring an additional 667 shares during the period. Sunburst Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.0% during the second quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock worth $1,143,000 after buying an additional 268 shares in the last quarter. Sageworth Trust Co raised its position in JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock valued at $603,000 after buying an additional 786 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in JPMorgan Chase & Co. by 16.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider's stock valued at $143,594,000 after acquiring an additional 95,461 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of JPMorgan Chase & Co. by 7.6% during the 2nd quarter. Czech National Bank now owns 547,224 shares of the financial services provider's stock worth $110,682,000 after acquiring an additional 38,548 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.5 %

JPMorgan Chase & Co. stock traded up $3.79 during midday trading on Friday, reaching $248.55. The stock had a trading volume of 7,997,307 shares, compared to its average volume of 9,405,694. The company has a fifty day moving average price of $223.14 and a two-hundred day moving average price of $211.76. 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. The company has a market capitalization of $699.75 billion, a P/E ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.'s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $4.33 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 17.62 EPS 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. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.01%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JPM shares. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Barclays upped their price objective 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. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.