Tandem Capital Management Corp ADV Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Tandem Capital Management Corp ADV lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,115 shares of the financial services provider’s stock after purchasing an additional 45 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.0% of Tandem Capital Management Corp ADV’s holdings, making the stock its 17th largest holding. Tandem Capital Management Corp ADV’s holdings in JPMorgan Chase & Co. were worth $3,628,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JPM. Thrive Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 7.6% in the 1st quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock valued at $1,573,000 after acquiring an additional 555 shares during the period. 180 Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 19,426 shares of the financial services provider’s stock valued at $3,891,000 after purchasing an additional 129 shares in the last quarter. Tarbox Family Office Inc. raised its position in JPMorgan Chase & Co. by 13.5% in the first quarter. Tarbox Family Office Inc. now owns 1,926 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 229 shares during the period. Dohj LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Dohj LLC now owns 8,661 shares of the financial services provider’s stock worth $1,735,000 after purchasing an additional 109 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the first quarter. Cypress Wealth Services LLC now owns 9,894 shares of the financial services provider’s stock worth $1,982,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $222.31 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $215.39 and a two-hundred day moving average of $205.52. The company has a market cap of $638.40 billion, a P/E ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is 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 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Morgan Stanley cut shares of 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. Barclays raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $217.94.

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.