JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 311,629 shares of the financial services provider’s stock after purchasing an additional 4,788 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.4% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 9th biggest position. Smith Chas P & Associates PA Cpas’ holdings in JPMorgan Chase & Co. were worth $30,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Laidlaw Wealth Management LLC raised its position in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $34,000. FAI Wealth Management raised its position in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $43,000. Finally, Eukles Asset Management raised its position in JPMorgan Chase & Co. by 28.7% during the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

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

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the prior year, the company earned $2.68 EPS. JPMorgan Chase & Co.’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts predict that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.

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

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

A number of brokerages have issued reports on JPM. Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Credit Suisse Group reiterated a “buy” rating and set a $126.00 price target (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $125.00 to $130.00 in a report on Wednesday. Finally, Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $111.34.

About JPMorgan Chase & Co.

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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