Gyroscope Capital Management Group LLC Has $974,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Gyroscope Capital Management Group LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,119 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Gyroscope Capital Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $974,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP increased its stake in shares of JPMorgan Chase & Co. by 250.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after buying an additional 125 shares during the period. NuWave Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $30,000. Provident Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $34,000. FAI Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 317.0% in the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after buying an additional 317 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after buying an additional 107 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

Shares of JPMorgan Chase & Co. stock opened at $101.51 on Friday. The firm has a market cap of $309.36 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. The stock’s 50-day moving average is $99.36 and its 200-day moving average is $96.79. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. The company had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

Several research analysts have recently issued reports on the company. Morgan Stanley restated a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target on the stock in a research report on Thursday, July 9th. Royal Bank of Canada restated a “buy” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a research report on Tuesday, September 29th. Finally, TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $111.59.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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