JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,226 shares of the financial services provider’s stock after purchasing an additional 1,573 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in JPMorgan Chase & Co. were worth $1,019,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JPM. Atalanta Sosnoff Capital LLC boosted its stake in JPMorgan Chase & Co. by 0.5% in the third quarter. Atalanta Sosnoff Capital LLC now owns 818,746 shares of the financial services provider’s stock valued at $134,021,000 after acquiring an additional 4,199 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in JPMorgan Chase & Co. by 1.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 30,470 shares of the financial services provider’s stock valued at $4,988,000 after acquiring an additional 558 shares in the last quarter. Columbia Trust Co 01012016 boosted its stake in JPMorgan Chase & Co. by 3.3% in the third quarter. Columbia Trust Co 01012016 now owns 21,622 shares of the financial services provider’s stock valued at $3,539,000 after acquiring an additional 691 shares in the last quarter. BEAM Asset Management LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at $341,000. Finally, Hollencrest Capital Management boosted its stake in JPMorgan Chase & Co. by 18.6% in the third quarter. Hollencrest Capital Management now owns 19,307 shares of the financial services provider’s stock valued at $3,161,000 after acquiring an additional 3,033 shares in the last quarter. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Several research firms have issued reports on JPM. Berenberg Bank set a $125.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, October 18th. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 14th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Finally, Barclays upped their target price on shares of JPMorgan Chase & Co. from $187.00 to $193.00 and gave the company an “overweight” rating in a report on Friday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $168.56.

Shares of JPMorgan Chase & Co. stock opened at $166.96 on Thursday. JPMorgan Chase & Co. has a 12-month low of $117.77 and a 12-month high of $172.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The stock has a market cap of $493.41 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. The company has a 50-day moving average of $166.07 and a two-hundred day moving average of $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.74. The company had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.92 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 14.95 EPS for the current fiscal year.

The firm also recently declared a dividend, which was paid on Wednesday, November 17th. Stockholders of record on Monday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Featured Article: Non-Fungible Token (NFT)

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.