Commerce Bank Purchases 2,982 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Commerce Bank boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,219,680 shares of the financial services provider's stock after buying an additional 2,982 shares during the period. JPMorgan Chase & Co. makes up about 1.6% of Commerce Bank's investment portfolio, making the stock its 8th largest position. Commerce Bank's holdings in JPMorgan Chase & Co. were worth $257,182,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $27,000. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $37,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.5 %

Shares of NYSE JPM traded up $3.79 during midday trading on Friday, hitting $248.55. The stock had a trading volume of 7,997,307 shares, compared to its average volume of 9,405,694. The firm has a market cap of $699.75 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $152.71 and a fifty-two week high of $249.15. 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 simple moving average is $223.14 and its 200 day simple moving average is $211.90.

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, topping 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 company's revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.33 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. 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 yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

Analysts Set New Price Targets

Several research firms recently issued reports on JPM. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average target price 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.