Lindbrook Capital LLC Has $8.42 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Lindbrook Capital LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 39,950 shares of the financial services provider's stock after acquiring an additional 5,920 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Lindbrook Capital LLC's portfolio, making the stock its 25th largest position. Lindbrook Capital LLC's holdings in JPMorgan Chase & Co. were worth $8,424,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JPM. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $27,000. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $32,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $34,000. West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $241.60 on Thursday. The firm has a market cap of $680.19 billion, a P/E ratio of 13.42, a P/E/G ratio of 3.48 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $148.46 and a 12-month high of $248.00. The business has a fifty day simple moving average of $218.35 and a 200 day simple moving average of $209.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 (EPS) for the quarter, topping 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 company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the company earned $4.33 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This is an increase 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%. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Finally, Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.