JPMorgan Chase & Co. (NYSE:JPM) Stock Position Increased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,833 shares of the financial services provider’s stock after buying an additional 325 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $597,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JPM. Lummis Asset Management LP raised its position in JPMorgan Chase & Co. by 371.4% in the third quarter. Lummis Asset Management LP now owns 858 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 676 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in JPMorgan Chase & Co. by 7.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 78,997 shares of the financial services provider’s stock worth $16,657,000 after purchasing an additional 5,241 shares during the period. Black Swift Group LLC boosted its position in JPMorgan Chase & Co. by 40.7% during the 3rd quarter. Black Swift Group LLC now owns 5,700 shares of the financial services provider’s stock worth $1,202,000 after acquiring an additional 1,650 shares during the period. Metis Global Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 159,728 shares of the financial services provider’s stock valued at $33,680,000 after buying an additional 3,184 shares during the period. Finally, Curi RMB Capital LLC increased its position in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Curi RMB Capital LLC now owns 408,492 shares of the financial services provider’s stock worth $86,135,000 after purchasing an additional 1,856 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. Daiwa Capital Markets reduced their price objective 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. Barclays upped their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $245.18 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $690.27 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $151.92 and a 52 week high of $248.00. The firm’s 50-day simple moving average is $220.06 and its two-hundred day simple moving average is $210.55.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 EPS. Research 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a 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 is currently 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.