Baltimore Washington Financial Advisors Inc. Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,534 shares of the financial services provider’s stock after acquiring an additional 2,617 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $23,940,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JPM. Wescott Financial Advisory Group LLC increased its position in JPMorgan Chase & Co. by 2.3% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,614 shares of the financial services provider’s stock valued at $551,000 after buying an additional 60 shares in the last quarter. Okabena Investment Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the third quarter. Okabena Investment Services Inc. now owns 10,924 shares of the financial services provider’s stock worth $2,303,000 after acquiring an additional 358 shares during the last quarter. Truepoint Inc. increased its holdings in shares of JPMorgan Chase & Co. by 130.5% during the third quarter. Truepoint Inc. now owns 2,314 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,310 shares in the last quarter. Jim Saulnier & Associates LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $234,000. Finally, KKM Financial LLC boosted its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. KKM Financial LLC now owns 16,214 shares of the financial services provider’s stock worth $3,419,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM stock opened at $249.97 on Wednesday. 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. has a 12 month low of $152.71 and a 12 month high of $254.31. The stock has a market cap of $703.75 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.61 and a beta of 1.10. The company has a 50 day simple moving average of $224.80 and a two-hundred day simple moving average of $212.74.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the business posted $4.33 EPS. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Daiwa Capital Markets cut 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.