GM Advisory Group LLC Acquires 475 Shares of JPMorgan Chase & Co. (NYSE:JPM)

GM Advisory Group LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 27,604 shares of the financial services provider’s stock after purchasing an additional 475 shares during the quarter. GM Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,821,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allen Capital Group LLC increased its holdings in JPMorgan Chase & Co. by 0.6% in the third quarter. Allen Capital Group LLC now owns 37,703 shares of the financial services provider’s stock valued at $7,950,000 after purchasing an additional 207 shares during the last quarter. Biltmore Family Office LLC increased its stake in shares of JPMorgan Chase & Co. by 4.8% in the 3rd quarter. Biltmore Family Office LLC now owns 14,222 shares of the financial services provider’s stock valued at $2,999,000 after acquiring an additional 650 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 370,344 shares of the financial services provider’s stock valued at $78,091,000 after acquiring an additional 6,722 shares during the period. AlphaCore Capital LLC boosted its stake in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. AlphaCore Capital LLC now owns 52,002 shares of the financial services provider’s stock worth $10,965,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Wrenne Financial Planning LLC grew its holdings in JPMorgan Chase & Co. by 15.4% during the third quarter. Wrenne Financial Planning LLC now owns 1,234 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 165 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Daiwa Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Barclays boosted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup boosted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $229.31.

JPMorgan Chase & Co. Trading Up 0.7 %

JPMorgan Chase & Co. stock opened at $250.29 on Tuesday. The company has a market cap of $704.65 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 3.61 and a beta of 1.10. The firm has a 50-day moving average of $223.99 and a 200-day moving average of $212.38. 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 one year low of $152.71 and a one year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during 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 business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.33 earnings per share. On average, equities analysts expect 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. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. 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 payout ratio is presently 27.82%.

JPMorgan Chase & Co. 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.