Klingman & Associates LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Klingman & Associates LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,257 shares of the financial services provider's stock after acquiring an additional 2,725 shares during the period. Klingman & Associates LLC's holdings in JPMorgan Chase & Co. were worth $5,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Assetmark Inc. increased its position in JPMorgan Chase & Co. by 3.3% in the 3rd quarter. Assetmark Inc. now owns 557,978 shares of the financial services provider's stock valued at $117,655,000 after acquiring an additional 17,998 shares during the period. Townsend & Associates Inc grew its stake in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Townsend & Associates Inc now owns 15,656 shares of the financial services provider's stock worth $3,498,000 after purchasing an additional 167 shares during the last quarter. Pegasus Partners Ltd. increased its holdings in JPMorgan Chase & Co. by 0.3% in the third quarter. Pegasus Partners Ltd. now owns 17,388 shares of the financial services provider's stock valued at $3,666,000 after purchasing an additional 51 shares during the period. Crumly & Associates Inc. raised its position in JPMorgan Chase & Co. by 2.2% during the 3rd quarter. Crumly & Associates Inc. now owns 5,956 shares of the financial services provider's stock worth $1,256,000 after purchasing an additional 131 shares during the last quarter. Finally, United Bank lifted its holdings in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock worth $5,346,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $241.60 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50-day simple moving average of $218.35 and a two-hundred day simple moving average of $209.33. The firm has a market capitalization of $680.19 billion, a PE ratio of 13.42, a P/E/G ratio of 3.48 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $148.46 and a 52-week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent research reports. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Barclays increased their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $224.31.

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.