TrinityPoint Wealth LLC Purchases 9,487 Shares of JPMorgan Chase & Co. (NYSE:JPM)

TrinityPoint Wealth LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 36.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,746 shares of the financial services provider's stock after acquiring an additional 9,487 shares during the quarter. JPMorgan Chase & Co. makes up 1.1% of TrinityPoint Wealth LLC's investment portfolio, making the stock its 17th largest position. TrinityPoint Wealth LLC's holdings in JPMorgan Chase & Co. were worth $7,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $1,888,088,000. Swedbank AB purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $800,130,000. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after acquiring an additional 3,252,451 shares in the last quarter. Wulff Hansen & CO. raised its holdings 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 acquiring an additional 2,787,510 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 6,239.1% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after acquiring an additional 1,396,194 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of JPM stock traded up $3.80 during trading hours on Friday, reaching $248.56. The company's stock had a trading volume of 7,994,315 shares, compared to its average volume of 9,093,902. The stock has a market capitalization of $699.78 billion, a P/E ratio of 13.82, a P/E/G ratio of 3.53 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $152.71 and a one year high of $249.15. The firm's fifty day simple moving average is $222.25 and its 200 day simple moving average is $211.36. 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 released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.33 earnings per share. Equities research analysts expect 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. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. 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 dividend on an annualized basis and a yield of 2.01%. JPMorgan Chase & Co.'s payout ratio is presently 27.82%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JPM shares. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Citigroup raised their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock 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.