Financial Advisory Partners LLC Buys 506 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Financial Advisory Partners LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,517 shares of the financial services provider’s stock after purchasing an additional 506 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.5% of Financial Advisory Partners LLC’s holdings, making the stock its 19th biggest holding. Financial Advisory Partners LLC’s holdings in JPMorgan Chase & Co. were worth $4,537,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JPM. Steigerwald Gordon & Koch Inc. raised its position in shares of JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 133,011 shares of the financial services provider’s stock valued at $28,047,000 after acquiring an additional 1,777 shares during the period. Guardian Asset Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 40.5% in the third quarter. Guardian Asset Advisors LLC now owns 4,661 shares of the financial services provider’s stock valued at $984,000 after purchasing an additional 1,344 shares in the last quarter. Advocate Group LLC boosted its position in JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Advocate Group LLC now owns 44,828 shares of the financial services provider’s stock worth $9,452,000 after acquiring an additional 419 shares during the last quarter. Cypress Wealth Services LLC grew its position in JPMorgan Chase & Co. by 4.5% in the third quarter. Cypress Wealth Services LLC now owns 9,984 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 427 shares in the last quarter. Finally, Morton Capital Management LLC CA grew its holdings in shares of JPMorgan Chase & Co. by 20.4% in the 3rd quarter. Morton Capital Management LLC CA now owns 11,570 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 1,963 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $212.84 on Friday. The company’s 50-day moving average price is $211.22 and its two-hundred day moving average price is $203.39. The firm has a market cap of $611.21 billion, a P/E ratio of 11.87, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the business posted $4.37 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JPM shares. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.47.

JPMorgan Chase & Co. 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, 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.