DORCHESTER WEALTH MANAGEMENT Co Acquires 126 Shares of JPMorgan Chase & Co. (NYSE:JPM)

DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,301 shares of the financial services provider’s stock after purchasing an additional 126 shares during the quarter. JPMorgan Chase & Co. comprises 2.2% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 13th biggest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in JPMorgan Chase & Co. were worth $12,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Planning LLC lifted its stake in JPMorgan Chase & Co. by 1.2% in the 3rd quarter. Fiduciary Planning LLC now owns 4,693 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 57 shares in the last quarter. Commonwealth Financial Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 13.0% in the third quarter. Commonwealth Financial Services LLC now owns 15,243 shares of the financial services provider’s stock worth $3,156,000 after purchasing an additional 1,756 shares during the last quarter. Greystone Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Greystone Financial Group LLC now owns 59,039 shares of the financial services provider’s stock worth $12,449,000 after purchasing an additional 975 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in JPMorgan Chase & Co. by 24.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 31,974 shares of the financial services provider’s stock valued at $6,742,000 after buying an additional 6,337 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $794,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of NYSE JPM opened at $222.31 on Friday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.92. The firm has a market capitalization of $638.40 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11. The stock has a 50 day moving average price of $215.39 and a 200 day moving average price of $205.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the business earned $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current 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 annualized dividend and a yield of 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Evercore ISI lifted 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. Finally, Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.94.

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.