JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Concord Asset Management LLC VA

Concord Asset Management LLC VA grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,079 shares of the financial services provider's stock after purchasing an additional 2,518 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Concord Asset Management LLC VA's holdings, making the stock its 20th largest position. Concord Asset Management LLC VA's holdings in JPMorgan Chase & Co. were worth $5,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp lifted 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 valued at $244,000 after acquiring an additional 412 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth $1,185,000. Brogan Financial Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter valued at $226,000. Secured Retirement Advisors LLC increased its holdings in JPMorgan Chase & Co. by 2.5% in the first quarter. Secured Retirement Advisors LLC now owns 9,294 shares of the financial services provider's stock valued at $1,862,000 after buying an additional 231 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its position in shares of JPMorgan Chase & Co. by 3.4% in 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 acquiring an additional 4,006 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on JPM. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Barclays boosted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus price target of $229.31.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of JPM stock traded up $3.80 on Friday, hitting $248.56. 7,994,315 shares of the stock traded hands, 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. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $249.15. The firm's 50-day moving average price is $222.25 and its two-hundred day moving average price is $211.36. The stock has a market capitalization of $699.78 billion, a PE ratio of 13.82, a PEG ratio of 3.53 and a beta of 1.10.

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

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.