M&G Plc Has $84 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

M&G PLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 398,102 shares of the financial services provider's stock after acquiring an additional 11,181 shares during the period. M&G PLC's holdings in JPMorgan Chase & Co. were worth $84,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.3% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock worth $725,000 after purchasing an additional 45 shares during the period. Sunburst Financial Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 45 shares during the period. West Wealth Group LLC raised its position in JPMorgan Chase & Co. by 3.6% during the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 46 shares in the last quarter. Instrumental Wealth LLC raised its position in JPMorgan Chase & Co. by 4.5% during the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider's stock valued at $230,000 after acquiring an additional 47 shares in the last quarter. Finally, Prossimo Advisors LLC raised its position in JPMorgan Chase & Co. by 0.5% during the third quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider's stock valued at $1,843,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $2.43 during midday trading on Monday, hitting $239.41. The company had a trading volume of 9,013,408 shares, compared to its average volume of 9,094,714. The business's 50 day simple moving average is $217.24 and its two-hundred day simple moving average is $208.46. The stock has a market cap of $674.02 billion, a PE ratio of 13.40, a P/E/G ratio of 3.46 and a beta of 1.10. 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 1-year low of $145.16 and a 1-year high of $248.00.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company posted $4.33 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal 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 paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JPM shares. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research report on Thursday. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.