Prospera Financial Services Inc Has $32.36 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Prospera Financial Services Inc grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,395 shares of the financial services provider's stock after purchasing an additional 10,172 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Prospera Financial Services Inc's portfolio, making the stock its 17th largest holding. Prospera Financial Services Inc's holdings in JPMorgan Chase & Co. were worth $32,357,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JPM. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in JPMorgan Chase & Co. by 1.3% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock valued at $725,000 after acquiring an additional 45 shares during the last quarter. Sunburst Financial Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock valued at $1,201,000 after purchasing an additional 45 shares during the last quarter. West Wealth Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.6% in the 3rd quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 46 shares during the last quarter. Delta Financial Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Delta Financial Advisors LLC now owns 15,519 shares of the financial services provider's stock worth $3,272,000 after buying an additional 46 shares during the period. Finally, Instrumental Wealth LLC raised its stake in shares of 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 worth $230,000 after buying an additional 47 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.5 %

JPM traded up $3.79 during trading on Friday, hitting $248.55. The company had a trading volume of 7,997,307 shares, compared to its average volume of 9,405,694. The company has a market capitalization of $699.75 billion, a PE ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10. 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. has a one year low of $152.71 and a one year high of $249.15. The firm's 50-day moving average price is $223.14 and its 200 day moving average price is $211.90.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.01%. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JPM. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $229.31.

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.