JPMorgan Chase & Co. Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,450,775 shares of the financial services provider's stock after acquiring an additional 319,730 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of JPMorgan Chase & Co. worth $938,491,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider's stock valued at $4,423,000 after purchasing an additional 84 shares during the period. Proathlete Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.1% in the second quarter. Proathlete Wealth Management LLC now owns 5,117 shares of the financial services provider's stock valued at $1,035,000 after buying an additional 152 shares in the last quarter. Park Edge Advisors LLC grew its holdings in JPMorgan Chase & Co. by 2.2% during the second quarter. Park Edge Advisors LLC now owns 11,324 shares of the financial services provider's stock worth $2,290,000 after acquiring an additional 249 shares during the period. LS Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.6% during the second quarter. LS Investment Advisors LLC now owns 14,562 shares of the financial services provider's stock worth $2,945,000 after acquiring an additional 88 shares during the period. Finally, Hall Capital Management Co. Inc. raised its position in JPMorgan Chase & Co. by 0.8% in the second quarter. Hall Capital Management Co. Inc. now owns 28,786 shares of the financial services provider's stock worth $5,822,000 after acquiring an additional 223 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on JPM shares. Oppenheimer cut shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a "market perform" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $234.81.

JPMorgan Chase & Co. Trading Down 0.8 %

Shares of JPM stock traded down $1.97 during mid-day trading on Friday, hitting $241.17. 5,729,153 shares of the company's stock were exchanged, compared to its average volume of 9,049,853. The stock has a market cap of $678.98 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 3.54 and a beta of 1.11. The stock has a 50-day simple moving average of $238.06 and a two-hundred day simple moving average of $219.54. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. The firm 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 firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.33 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 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.