Venture Visionary Partners LLC Has $45.99 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Venture Visionary Partners LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,119 shares of the financial services provider’s stock after purchasing an additional 1,640 shares during the period. JPMorgan Chase & Co. comprises approximately 2.0% of Venture Visionary Partners LLC’s investment portfolio, making the stock its 8th biggest position. Venture Visionary Partners LLC’s holdings in JPMorgan Chase & Co. were worth $45,992,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. increased its stake in JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock worth $725,000 after buying an additional 45 shares in the last quarter. Instrumental Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 4.5% during the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 47 shares in the last quarter. Gemmer Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.6% during the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $634,000 after buying an additional 48 shares during the last quarter. Great Point Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 48 shares in the last quarter. Finally, Braun Bostich & Associates Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.4% during the third quarter. Braun Bostich & Associates Inc. now owns 3,530 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 48 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Citigroup raised their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Price Performance

JPM opened at $223.42 on Thursday. The business has a fifty day moving average of $214.96 and a 200 day moving average of $205.09. The stock has a market cap of $641.59 billion, a P/E ratio of 12.46, a PEG ratio of 3.28 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.92.

JPMorgan Chase & Co. (NYSE:JPM) 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. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the business posted $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

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.