JPMorgan Chase & Co. (NYSE:JPM) is Maxwell Wealth Strategies Inc.’s 6th Largest Position

Maxwell Wealth Strategies Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,622 shares of the financial services provider’s stock after buying an additional 5,852 shares during the period. JPMorgan Chase & Co. comprises about 3.1% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 6th biggest position. Maxwell Wealth Strategies Inc.’s holdings in JPMorgan Chase & Co. were worth $7,225,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $27,000. Fairway Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $32,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $34,000. Finally, West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $240.78 on Thursday. The business’s 50-day moving average price is $221.48 and its 200 day moving average price is $211.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $152.57 and a twelve month high of $248.00. The company has a market capitalization of $677.88 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10.

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 analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.33 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $229.31.

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.