Cardano Risk Management B.V. Buys 24,392 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cardano Risk Management B.V. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 794,613 shares of the financial services provider's stock after buying an additional 24,392 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.0% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 12th biggest holding. Cardano Risk Management B.V.'s holdings in JPMorgan Chase & Co. were worth $167,552,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. WFA Asset Management Corp raised its holdings in JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock worth $244,000 after purchasing an additional 412 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $1,185,000. Brogan Financial Inc. acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $226,000. Secured Retirement Advisors LLC increased its holdings in JPMorgan Chase & Co. by 2.5% during the 1st quarter. Secured Retirement Advisors LLC now owns 9,294 shares of the financial services provider's stock worth $1,862,000 after purchasing an additional 231 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.4% during the first quarter. Penobscot Investment Management Company Inc. now owns 122,381 shares of the financial services provider's stock worth $24,513,000 after buying an additional 4,006 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $3.80 during mid-day trading on Friday, reaching $248.56. 7,994,315 shares of the company's stock were exchanged, compared to its average volume of 9,093,902. 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 firm has a market capitalization of $699.78 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.53 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $152.71 and a one year high of $249.15. The business's fifty day simple moving average is $222.25 and its two-hundred day simple moving average is $211.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter last year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.'s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is 27.82%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. 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, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.