JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Smead Capital Management Inc.

Smead Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,409,521 shares of the financial services provider’s stock after purchasing an additional 47,541 shares during the period. JPMorgan Chase & Co. accounts for approximately 4.2% of Smead Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Smead Capital Management Inc. owned approximately 0.05% of JPMorgan Chase & Co. worth $297,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Chesapeake Wealth Management increased its position in shares of JPMorgan Chase & Co. by 1.0% during the third quarter. Chesapeake Wealth Management now owns 10,786 shares of the financial services provider’s stock worth $2,274,000 after purchasing an additional 104 shares in the last quarter. Caprock Group LLC boosted its stake in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Caprock Group LLC now owns 76,866 shares of the financial services provider’s stock worth $16,208,000 after purchasing an additional 889 shares during the last quarter. Lindenwold Advisors INC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. Lindenwold Advisors INC now owns 12,160 shares of the financial services provider’s stock worth $2,564,000 after buying an additional 82 shares in the last quarter. Baron Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 4.9% in the third quarter. Baron Wealth Management LLC now owns 5,110 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 239 shares during the last quarter. Finally, Joseph Group Capital Management lifted its stake in shares of JPMorgan Chase & Co. by 7.4% in the third quarter. Joseph Group Capital Management now owns 18,153 shares of the financial services provider’s stock worth $3,828,000 after buying an additional 1,256 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $248.56 on Friday. The stock has a market capitalization of $699.78 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.10. 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 business has a 50-day moving average of $223.14 and a 200 day moving average of $211.76. JPMorgan Chase & Co. has a 12 month low of $152.71 and a 12 month high of $249.15.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the firm posted $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change 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.