Waterway Wealth Management LLC Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Waterway Wealth Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 15.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,566 shares of the financial services provider’s stock after buying an additional 611 shares during the period. JPMorgan Chase & Co. comprises about 0.4% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Waterway Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Worth Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 29.1% during the first quarter. Worth Asset Management LLC now owns 2,079 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 468 shares during the last quarter. CGN Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 1st quarter. CGN Advisors LLC now owns 17,490 shares of the financial services provider’s stock worth $3,503,000 after buying an additional 101 shares during the last quarter. Strategic Planning Group LLC grew its position in shares of JPMorgan Chase & Co. by 15.3% in the 1st quarter. Strategic Planning Group LLC now owns 24,354 shares of the financial services provider’s stock worth $4,878,000 after acquiring an additional 3,233 shares in the last quarter. Strong Tower Advisory Services increased its holdings in shares of JPMorgan Chase & Co. by 10.1% in the 1st quarter. Strong Tower Advisory Services now owns 6,548 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 601 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 5.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 4,983 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 244 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Citigroup boosted their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Trading Down 0.3 %

NYSE JPM opened at $223.42 on Thursday. The firm’s 50 day moving average price is $214.96 and its two-hundred day moving average price is $205.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.92. The stock has a market cap of $641.59 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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. The business had revenue of $43.32 billion for 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business 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 $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

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.