Delta Financial Advisors LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Delta Financial Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 15,519 shares of the financial services provider’s stock after acquiring an additional 46 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Delta Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. WFA Asset Management Corp lifted its holdings 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 worth $244,000 after acquiring an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $1,185,000. Hoey Investments Inc. lifted its stake in JPMorgan Chase & Co. by 5.9% during the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock worth $4,482,000 after purchasing an additional 1,247 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.2% in the 1st quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock worth $18,241,000 after purchasing an additional 6,907 shares in the last quarter. Finally, Stonebrook Private Inc. raised its holdings in shares of JPMorgan Chase & Co. by 7.1% during the 1st quarter. Stonebrook Private Inc. now owns 32,527 shares of the financial services provider’s stock valued at $6,515,000 after buying an additional 2,152 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Stock Up 1.5 %

Shares of NYSE JPM opened at $245.39 on Friday. The firm has a fifty day simple moving average of $218.84 and a two-hundred day simple moving average of $209.56. JPMorgan Chase & Co. has a 12 month low of $150.09 and a 12 month high of $248.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $690.86 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.