Concurrent Investment Advisors LLC Buys 6,678 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Concurrent Investment Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,932 shares of the financial services provider's stock after purchasing an additional 6,678 shares during the quarter. Concurrent Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $19,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gordian Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $380,000. Maia Wealth LLC boosted its stake in JPMorgan Chase & Co. by 2.6% in the 3rd quarter. Maia Wealth LLC now owns 4,196 shares of the financial services provider's stock worth $944,000 after purchasing an additional 108 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 26.8% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 3,779 shares of the financial services provider's stock valued at $797,000 after purchasing an additional 798 shares during the last quarter. Radnor Capital Management LLC increased its stake in JPMorgan Chase & Co. by 8.4% during the 3rd quarter. Radnor Capital Management LLC now owns 63,551 shares of the financial services provider's stock valued at $13,400,000 after purchasing an additional 4,910 shares in the last quarter. Finally, Leslie Global Wealth LLC purchased a new position in JPMorgan Chase & Co. in the third quarter worth about $240,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $0.60 on Friday, hitting $236.98. 9,502,100 shares of the stock traded hands, compared to its average volume of 8,575,011. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52 week low of $143.70 and a 52 week high of $248.00. The firm has a 50 day simple moving average of $217.24 and a two-hundred day simple moving average of $208.35. The firm has a market cap of $667.18 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 3.61 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 EPS for the quarter, beating 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 business had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same period last year, the firm earned $4.33 earnings per share. The business's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $224.31.

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.