Canopy Partners LLC Has $2.52 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Canopy Partners LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,951 shares of the financial services provider’s stock after purchasing an additional 877 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of Canopy Partners LLC’s investment portfolio, making the stock its 19th biggest position. Canopy Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,520,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JPM. Kingsview Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 118,095 shares of the financial services provider’s stock valued at $24,902,000 after purchasing an additional 2,839 shares during the period. Cerity Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 14.0% in the third quarter. Cerity Partners LLC now owns 1,715,050 shares of the financial services provider’s stock valued at $361,635,000 after acquiring an additional 210,338 shares during the period. Optivise Advisory Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $508,000. Great Valley Advisor Group Inc. increased its position in JPMorgan Chase & Co. by 7.5% during the third quarter. Great Valley Advisor Group Inc. now owns 147,061 shares of the financial services provider’s stock worth $31,009,000 after acquiring an additional 10,209 shares during the period. Finally, Certified Advisory Corp raised its stake in JPMorgan Chase & Co. by 1.0% in the 3rd quarter. Certified Advisory Corp now owns 23,012 shares of the financial services provider’s stock worth $4,852,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM opened at $249.97 on Wednesday. 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. has a 52 week low of $152.71 and a 52 week high of $254.31. The stock has a market capitalization of $703.75 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.61 and a beta of 1.10. The stock has a fifty day moving average of $224.80 and a 200-day moving average of $212.74.

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, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the company earned $4.33 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analysts Set New Price Targets

A number of research analysts have issued reports on JPM shares. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. 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, 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 equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $229.31.

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.