8,202 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Mainstream Capital Management LLC

Mainstream Capital Management LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,202 shares of the financial services provider's stock, valued at approximately $1,729,000. JPMorgan Chase & Co. accounts for approximately 1.5% of Mainstream Capital Management LLC's investment portfolio, making the stock its 19th biggest position.

Other large investors have also recently bought and sold shares of the company. WFA Asset Management Corp increased its holdings in shares of JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $1,185,000. Hoey Investments Inc. raised its holdings in JPMorgan Chase & Co. by 5.9% in the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider's stock worth $4,482,000 after purchasing an additional 1,247 shares during the period. Signaturefd LLC lifted its holdings in JPMorgan Chase & Co. by 2.9% in the 1st quarter. Signaturefd LLC now owns 71,829 shares of the financial services provider's stock worth $14,387,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Capital Management Associates NY increased its position in JPMorgan Chase & Co. by 117.7% in the first quarter. Capital Management Associates NY now owns 10,671 shares of the financial services provider's stock worth $2,137,000 after purchasing an additional 5,769 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $0.27 during trading hours on Tuesday, hitting $239.56. The company's stock had a trading volume of 6,845,955 shares, compared to its average volume of 9,084,472. The stock has a market cap of $674.44 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. The company has a 50 day moving average of $217.53 and a 200 day moving average of $208.78. JPMorgan Chase & Co. has a 12-month low of $145.16 and a 12-month high of $248.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.'s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JPM shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Barclays increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, July 15th. Finally, Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $224.31.

About JPMorgan Chase & Co.

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.