JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,288 shares of the financial services provider's stock after purchasing an additional 15,334 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Fifth Third Wealth Advisors LLC's portfolio, making the stock its 12th biggest position. Fifth Third Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $19,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp grew its position in shares of JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock worth $244,000 after buying an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $1,185,000. Freestone Capital Holdings LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.2% during the first quarter. Freestone Capital Holdings LLC now owns 106,829 shares of the financial services provider's stock valued at $21,398,000 after acquiring an additional 4,296 shares in the last quarter. EP Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.7% during the 1st quarter. EP Wealth Advisors LLC now owns 640,857 shares of the financial services provider's stock valued at $128,364,000 after purchasing an additional 4,253 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 3.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 167,057 shares of the financial services provider's stock valued at $33,462,000 after purchasing an additional 6,280 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $3.79 during mid-day trading on Friday, hitting $248.55. 7,997,307 shares of the company were exchanged, compared to its average volume of 9,405,694. 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 firm has a market cap of $699.75 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. The stock has a 50 day simple moving average of $223.14 and a 200-day simple moving average of $211.90. JPMorgan Chase & Co. has a 1-year low of $152.71 and a 1-year high of $249.15.

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 for the quarter, beating the consensus estimate 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 the consensus estimate of $41.43 billion. During the same quarter in the previous year, the firm earned $4.33 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Daiwa Capital Markets dropped their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. 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.