GSA Capital Partners LLP Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

GSA Capital Partners LLP acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,994 shares of the financial services provider’s stock, valued at approximately $842,000.

A number of other hedge funds have also bought and sold shares of the business. Waverton Investment Management Ltd boosted its holdings in shares of JPMorgan Chase & Co. by 26.4% in the third quarter. Waverton Investment Management Ltd now owns 408,819 shares of the financial services provider’s stock worth $86,161,000 after acquiring an additional 85,361 shares during the period. Apollon Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 123,511 shares of the financial services provider’s stock worth $26,044,000 after purchasing an additional 2,964 shares in the last quarter. Keystone Financial Services grew its holdings in JPMorgan Chase & Co. by 4.9% during the 3rd quarter. Keystone Financial Services now owns 8,391 shares of the financial services provider’s stock valued at $1,769,000 after buying an additional 393 shares in the last quarter. Vestia Personal Wealth Advisors bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $218,000. Finally, Everhart Financial Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 10.6% in the third quarter. Everhart Financial Group Inc. now owns 24,794 shares of the financial services provider’s stock worth $5,228,000 after buying an additional 2,383 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.4 %

Shares of JPM stock opened at $245.31 on Friday. The business has a 50-day moving average of $219.50 and a 200 day moving average of $209.92. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $150.09 and a 1-year high of $248.00. The stock has a market capitalization of $690.63 billion, a PE ratio of 13.65, a P/E/G ratio of 3.50 and a beta of 1.10.

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 for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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. Daiwa Capital Markets lowered their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $227.13.

About JPMorgan Chase & Co.

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.