JPMorgan Chase & Co. (NYSE:JPM) is Cetera Trust Company N.A’s 4th Largest Position

Cetera Trust Company N.A raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,851 shares of the financial services provider’s stock after purchasing an additional 280 shares during the period. JPMorgan Chase & Co. accounts for about 2.3% of Cetera Trust Company N.A’s investment portfolio, making the stock its 4th largest position. Cetera Trust Company N.A’s holdings in JPMorgan Chase & Co. were worth $3,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Traphagen Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 13,045 shares of the financial services provider’s stock valued at $2,751,000 after purchasing an additional 113 shares during the period. Home Federal Bank of Tennessee boosted its holdings in JPMorgan Chase & Co. by 1.0% in the 3rd quarter. Home Federal Bank of Tennessee now owns 18,262 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 172 shares during the period. Maple Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 0.6% in the 3rd quarter. Maple Capital Management Inc. now owns 199,146 shares of the financial services provider’s stock valued at $41,992,000 after purchasing an additional 1,214 shares during the period. Foundations Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 19.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 113,338 shares of the financial services provider’s stock valued at $23,899,000 after purchasing an additional 18,182 shares during the period. Finally, Roof Eidam Maycock Peralta LLC boosted its holdings in JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 15,854 shares of the financial services provider’s stock valued at $3,343,000 after purchasing an additional 105 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.7 %

JPM opened at $224.98 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $646.07 billion, a PE ratio of 12.55, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.92. The firm has a 50-day moving average price of $214.96 and a two-hundred day moving average price of $205.09.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 EPS. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Wall Street Analyst Weigh In

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 report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.94.

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.