JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by 5th Street Advisors LLC

5th Street Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,058 shares of the financial services provider’s stock after acquiring an additional 1,140 shares during the quarter. JPMorgan Chase & Co. comprises about 0.7% of 5th Street Advisors LLC’s investment portfolio, making the stock its 21st largest holding. 5th Street Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,488,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $34,000. West Financial Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $37,000. Finally, New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $224.31.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $241.24 on Thursday. The company has a 50-day moving average of $217.92 and a two-hundred day moving average of $209.11. The stock has a market cap of $679.17 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 3.48 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. JPMorgan Chase & Co. has a one year low of $146.52 and a one year high of $248.00.

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, 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 the consensus estimate of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.07%. 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 (DPR) is 27.82%.

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.