Radnor Capital Management LLC Acquires 4,910 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Radnor Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,551 shares of the financial services provider's stock after acquiring an additional 4,910 shares during the quarter. JPMorgan Chase & Co. comprises about 2.0% of Radnor Capital Management LLC's holdings, making the stock its 6th largest position. Radnor Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $13,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth about $1,888,088,000. Swedbank AB purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $800,130,000. Capital Research Global Investors increased its position in JPMorgan Chase & Co. by 23.3% during the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock worth $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Wulff Hansen & CO. raised its holdings in 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 valued at $566,632,000 after buying an additional 2,787,510 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 6,239.1% during the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after buying an additional 1,396,194 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent research reports. Daiwa Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Barclays increased their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. StockNews.com upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Saturday, July 13th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus price target of $224.31.

JPMorgan Chase & Co. Stock Up 0.3 %

JPM traded up $0.60 during trading on Friday, hitting $236.98. The company had a trading volume of 9,502,100 shares, compared to its average volume of 8,575,011. JPMorgan Chase & Co. has a 1-year low of $143.70 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $667.18 billion, a PE ratio of 13.19, a P/E/G ratio of 3.61 and a beta of 1.10. The business has a 50-day moving average of $217.24 and a 200-day moving average of $208.35.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the business posted $4.33 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 17.52 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.11%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio is presently 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.