Horizon Wealth Management LLC Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Horizon Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,468 shares of the financial services provider’s stock after acquiring an additional 628 shares during the period. Horizon Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bath Savings Trust Co raised its holdings in JPMorgan Chase & Co. by 0.9% in the first quarter. Bath Savings Trust Co now owns 12,800 shares of the financial services provider’s stock valued at $2,564,000 after buying an additional 116 shares during the period. jvl associates llc raised its holdings in JPMorgan Chase & Co. by 59.8% in the first quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after buying an additional 715 shares during the period. Emprise Bank purchased a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $2,213,000. Rowlandmiller & PARTNERS.ADV raised its holdings in JPMorgan Chase & Co. by 1.3% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 25,963 shares of the financial services provider’s stock valued at $5,201,000 after buying an additional 330 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 1.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 786,454 shares of the financial services provider’s stock valued at $157,527,000 after buying an additional 12,033 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $224.45 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $213.63 and its two-hundred day moving average price is $204.31. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.85. The stock has a market cap of $644.55 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS 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. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.23%. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JPM. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

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, 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.