Triune Financial Partners LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Triune Financial Partners LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,689 shares of the financial services provider’s stock, valued at approximately $356,000. JPMorgan Chase & Co. accounts for about 0.1% of Triune Financial Partners LLC’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its position in shares of JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $1,185,000. Hoey Investments Inc. lifted its position in shares of JPMorgan Chase & Co. by 5.9% during the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after acquiring an additional 1,247 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 8.8% during the 1st quarter. Advisors Capital Management LLC now owns 435,744 shares of the financial services provider’s stock valued at $87,280,000 after acquiring an additional 35,403 shares during the last quarter. Finally, Flossbach Von Storch AG acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $323,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $239.58 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $674.50 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 3.46 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $145.16 and a one year high of $248.00. The company’s fifty day moving average price is $217.53 and its two-hundred day moving average price is $208.78.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results 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. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 earnings per share. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 2.09%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $224.31.

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.