Premier Fund Managers Ltd Acquires 49,400 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Premier Fund Managers Ltd increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 114.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,715 shares of the financial services provider's stock after buying an additional 49,400 shares during the period. Premier Fund Managers Ltd's holdings in JPMorgan Chase & Co. were worth $19,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $1,888,088,000. Swedbank AB bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $800,130,000. Capital Research Global Investors lifted its holdings in shares of 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 valued at $3,445,185,000 after buying an additional 3,252,451 shares during the period. Wulff Hansen & CO. lifted its holdings in shares of JPMorgan Chase & Co. by 19,920.7% during the 2nd 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 holdings in shares of JPMorgan Chase & Co. by 6,239.1% during the 2nd 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 during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $3.79 during trading on Friday, reaching $248.55. 7,997,307 shares of the stock traded hands, compared to its average volume of 9,405,694. The company has a market capitalization of $699.75 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 3.55 and a beta of 1.10. The business has a fifty day simple moving average of $223.14 and a two-hundred day simple moving average of $211.90. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $152.71 and a 52-week high of $249.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during 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 business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.33 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Royal Bank of Canada increased their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Citigroup upped their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.