Consolidated Planning Corp Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Consolidated Planning Corp boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,612 shares of the financial services provider's stock after purchasing an additional 2,095 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.8% of Consolidated Planning Corp's portfolio, making the stock its 14th biggest position. Consolidated Planning Corp's holdings in JPMorgan Chase & Co. were worth $12,148,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JPM. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $37,000. Finally, West Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $37,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, July 15th. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $224.31.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $0.41 during mid-day trading on Tuesday, reaching $239.70. The company had a trading volume of 5,034,040 shares, compared to its average volume of 9,076,198. JPMorgan Chase & Co. has a twelve month low of $145.16 and a twelve month 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's 50-day moving average is $217.53 and its 200-day moving average is $208.78. The company has a market capitalization of $674.84 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.46 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the company earned $4.33 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) 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.