Global Assets Advisory LLC Invests $794,000 in JPMorgan Chase & Co. (NYSE:JPM)

Global Assets Advisory LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the third quarter, Holdings Channel reports. The firm bought 3,837 shares of the financial services provider’s stock, valued at approximately $794,000.

Other institutional investors have also recently bought and sold shares of the company. Retirement Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Fairway Wealth LLC bought a new position in JPMorgan Chase & Co. during the second quarter worth $32,000. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at $34,000. Anfield Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $34,000. Finally, Davidson Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth $37,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of NYSE JPM opened at $222.31 on Friday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.92. The company has a 50-day moving average of $215.39 and a two-hundred day moving average of $205.45. The company has a market cap of $638.40 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. The business 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 17.26% and a net margin of 20.32%. During the same quarter last year, the business earned $4.33 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Barclays increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

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.