Waverton Investment Management Ltd Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Waverton Investment Management Ltd boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 408,819 shares of the financial services provider’s stock after buying an additional 85,361 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.4% of Waverton Investment Management Ltd’s holdings, making the stock its 26th largest position. Waverton Investment Management Ltd’s holdings in JPMorgan Chase & Co. were worth $86,161,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JPM. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $32,000. Anfield Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $34,000. West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $37,000. Finally, New England Capital Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JPM shares. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday. Daiwa Capital Markets dropped their price target on 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. Finally, Barclays lifted 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 report on Monday, October 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $227.13.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $245.31 on Friday. The business’s 50 day moving average price is $219.50 and its 200-day moving average price is $209.92. JPMorgan Chase & Co. has a fifty-two week low of $150.09 and a fifty-two week high of $248.00. The company has a market cap of $690.63 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.50 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating 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 business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the business posted $4.33 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.04%. This is an increase 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.