Philip James Wealth Mangement LLC Buys 5,133 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Philip James Wealth Mangement LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 422.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,347 shares of the financial services provider's stock after purchasing an additional 5,133 shares during the period. Philip James Wealth Mangement LLC's holdings in JPMorgan Chase & Co. were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $1,888,088,000. Swedbank AB acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $800,130,000. Capital Research Global Investors boosted its holdings in JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock worth $3,445,185,000 after purchasing an additional 3,252,451 shares during the last quarter. Wulff Hansen & CO. boosted its stake in shares of JPMorgan Chase & Co. by 19,920.7% in the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock valued at $566,632,000 after purchasing an additional 2,787,510 shares in the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6,239.1% in the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock worth $277,456,000 after buying an additional 1,396,194 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JPM. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Finally, Citigroup increased their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a "neutral" rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $224.31.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $0.27 on Tuesday, hitting $239.56. The company's stock had a trading volume of 6,846,510 shares, compared to its average volume of 9,084,475. 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. The company has a market capitalization of $674.44 billion, a PE ratio of 13.30, a PEG ratio of 3.46 and a beta of 1.10. The company has a 50-day simple moving average of $217.53 and a 200 day simple moving average of $208.78.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the prior year, the firm earned $4.33 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

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.