Rosenblum Silverman Sutton S F Inc. CA Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Rosenblum Silverman Sutton S F Inc. CA lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,482 shares of the financial services provider’s stock after buying an additional 3,505 shares during the quarter. Rosenblum Silverman Sutton S F Inc. CA’s holdings in JPMorgan Chase & Co. were worth $2,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Tortoise Investment Management LLC boosted its position in JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Tortoise Investment Management LLC now owns 5,018 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 100 shares in the last quarter. TD Capital Management LLC boosted its position in JPMorgan Chase & Co. by 9.8% during the 2nd quarter. TD Capital Management LLC now owns 1,135 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 101 shares in the last quarter. Atlas Private Wealth Management boosted its position in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock valued at $1,516,000 after acquiring an additional 106 shares in the last quarter. Capital Analysts LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 107 shares in the last quarter. Finally, Financial Consulate Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.1% in the 3rd quarter. Financial Consulate Inc. now owns 5,087 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

NYSE JPM opened at $114.57 on Friday. The stock has a 50-day simple moving average of $103.80 and a two-hundred day simple moving average of $99.04. The firm has a market capitalization of $349.23 billion, a P/E ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.69. The business had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.68 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

In related news, CFO Jennifer Piepszak sold 3,297 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. Company insiders own 0.78% of the company’s stock.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $125.00 to $130.00 in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Morgan Stanley reissued a “buy” rating and issued a $106.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. The Goldman Sachs Group raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $115.00 in a research report on Thursday, September 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $111.34.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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.

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

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