Winthrop Advisory Group LLC Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Winthrop Advisory Group LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,135 shares of the financial services provider's stock after acquiring an additional 2,749 shares during the period. Winthrop Advisory Group LLC's holdings in JPMorgan Chase & Co. were worth $3,613,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $32,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $34,000. Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $37,000. Finally, West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $37,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $0.27 during midday trading on Tuesday, reaching $239.56. The company had a trading volume of 6,845,955 shares, compared to its average volume of 9,084,472. The firm has a 50-day moving average price of $217.53 and a 200-day moving average price of $208.78. 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 P/E ratio of 13.30, a P/E/G ratio of 3.46 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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. The company had revenue of $43.32 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.33 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on JPM. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Finally, Barclays raised their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Two equities 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, the company has an average rating of "Hold" and a consensus price target of $224.31.

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.