JPMorgan Chase & Co. (NYSE:JPM) Holdings Increased by Howe & Rusling Inc.

Howe & Rusling Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,861 shares of the financial services provider's stock after purchasing an additional 8,709 shares during the quarter. JPMorgan Chase & Co. accounts for 3.7% of Howe & Rusling Inc.'s portfolio, making the stock its biggest holding. Howe & Rusling Inc.'s holdings in JPMorgan Chase & Co. were worth $42,775,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $1,888,088,000. Swedbank AB bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $800,130,000. Capital Research Global Investors lifted its holdings in JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of JPMorgan Chase & Co. by 19,920.7% in the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after purchasing an additional 2,787,510 shares during the period. Finally, Granite Bay Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 6,239.1% in the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock worth $277,456,000 after purchasing an additional 1,396,194 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.5 %

NYSE JPM traded up $3.79 during trading hours on Friday, hitting $248.55. 7,997,307 shares of the company were exchanged, compared to its average volume of 9,405,694. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $249.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $223.14 and a 200 day moving average price of $211.90. The stock has a market cap of $699.75 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its 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. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued 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 (DPR) is 27.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. 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 research note on Friday, November 15th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus 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.