First Affirmative Financial Network Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

First Affirmative Financial Network boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 112.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,387 shares of the financial services provider’s stock after purchasing an additional 3,387 shares during the period. JPMorgan Chase & Co. comprises approximately 0.7% of First Affirmative Financial Network’s portfolio, making the stock its 24th biggest holding. First Affirmative Financial Network’s holdings in JPMorgan Chase & Co. were worth $1,347,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 44,356 shares of the financial services provider’s stock valued at $9,353,000 after acquiring an additional 790 shares during the period. Wynn Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 1.9% in the third quarter. Wynn Capital LLC now owns 18,843 shares of the financial services provider’s stock worth $3,973,000 after purchasing an additional 357 shares in the last quarter. Fiduciary Financial Group LLC raised its position in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Fiduciary Financial Group LLC now owns 3,058 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 68 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of JPMorgan Chase & Co. by 39.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 168,860 shares of the financial services provider’s stock valued at $35,587,000 after buying an additional 47,376 shares in the last quarter. Finally, LongView Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 3.9% during the 3rd quarter. LongView Wealth Management now owns 3,576 shares of the financial services provider’s stock valued at $754,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $222.28 on Friday. 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 52-week low of $135.19 and a 52-week high of $225.48. The company has a fifty day moving average of $211.79 and a 200-day moving average of $203.65. The stock has a market capitalization of $632.42 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 earnings per share. Equities research analysts expect 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. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JPM shares. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore ISI raised their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently 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.