Global Assets Advisory LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Global Assets Advisory LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,837 shares of the financial services provider’s stock, valued at approximately $794,000.

Several other hedge funds also recently made changes to their positions in the business. DGS Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $208,000. Clarity Financial LLC raised its position in shares of JPMorgan Chase & Co. by 3.4% during the first quarter. Clarity Financial LLC now owns 6,511 shares of the financial services provider’s stock worth $1,304,000 after purchasing an additional 212 shares during the period. S.A. Mason LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.8% during the first quarter. S.A. Mason LLC now owns 3,909 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 144 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 29.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 50,960 shares of the financial services provider’s stock valued at $10,207,000 after purchasing an additional 11,572 shares during the period. Finally, Stonebridge Capital Management Inc. purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth about $200,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.2 %

NYSE:JPM opened at $222.31 on Friday. The company has a market capitalization of $638.40 billion, a P/E ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The stock’s 50 day moving average price is $215.39 and its 200 day moving average price is $205.45. 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 $225.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the business posted $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

Wall Street Analyst Weigh In

Several brokerages have commented on JPM. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.