Sargent Investment Group LLC Acquires 2,322 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sargent Investment Group LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,408 shares of the financial services provider's stock after purchasing an additional 2,322 shares during the period. Sargent Investment Group LLC's holdings in JPMorgan Chase & Co. were worth $4,936,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Capital International Investors increased its holdings in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider's stock valued at $8,471,687,000 after purchasing an additional 778,297 shares during the period. Capital World Investors grew its holdings in JPMorgan Chase & Co. by 0.4% during the first quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider's stock worth $6,894,729,000 after acquiring an additional 150,812 shares during the period. Dimensional Fund Advisors LP grew its holdings in JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after acquiring an additional 1,040,594 shares during the period. Capital Research Global Investors grew 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 acquiring an additional 3,252,451 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $1,888,088,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPM traded down $2.00 during midday trading on Tuesday, reaching $243.03. 6,791,404 shares of the stock were exchanged, compared to its average volume of 9,100,539. The firm has a 50 day simple moving average of $220.06 and a 200-day simple moving average of $210.55. 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 12-month low of $151.92 and a 12-month high of $248.00. The company has a market cap of $684.21 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 3.56 and a beta of 1.10.

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 for the quarter, beating 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 business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the business earned $4.33 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Barclays raised their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average target price of $229.31.

JPMorgan Chase & Co. Company 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.