2,083 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by BEAM Asset Management LLC

BEAM Asset Management LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,083 shares of the financial services provider’s stock, valued at approximately $341,000.

Several other large investors also recently added to or reduced their stakes in JPM. Turim 21 Investimentos Ltda. acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $36,000. Advocacy Wealth Management Services LLC boosted its position in shares of JPMorgan Chase & Co. by 94.3% in the 3rd quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 150 shares during the period. Capital Directions Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 27.7% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 85 shares during the period. Activest Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 284.8% in the 3rd quarter. Activest Wealth Management now owns 431 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 319 shares during the period. Finally, Ten Capital Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 19.2% in the 2nd quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 69.51% of the company’s stock.

Shares of NYSE JPM opened at $166.96 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $166.07 and its two-hundred day moving average is $160.51. The company has a market cap of $493.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $117.77 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. The company had revenue of $29.60 billion for the quarter, compared to the consensus estimate of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

A number of equities research analysts have commented on JPM shares. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, October 25th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 14th. Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, October 11th. Credit Suisse Group set a $177.00 price objective on JPMorgan Chase & Co. in a research report on Thursday, October 14th. Finally, Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $168.56.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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