Catalytic Wealth RIA LLC Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Catalytic Wealth RIA LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 43.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,209 shares of the financial services provider’s stock after buying an additional 8,856 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Catalytic Wealth RIA LLC’s investment portfolio, making the stock its 19th biggest holding. Catalytic Wealth RIA LLC’s holdings in JPMorgan Chase & Co. were worth $6,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp boosted its position in shares of JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 412 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $1,185,000. Hoey Investments Inc. lifted its position in JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after purchasing an additional 1,247 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of JPMorgan Chase & Co. by 8.2% during the first quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock valued at $18,241,000 after purchasing an additional 6,907 shares during the period. Finally, Stonebrook Private Inc. grew its holdings in shares of JPMorgan Chase & Co. by 7.1% in the first quarter. Stonebrook Private Inc. now owns 32,527 shares of the financial services provider’s stock worth $6,515,000 after purchasing an additional 2,152 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.5 %

Shares of NYSE JPM opened at $245.39 on Friday. JPMorgan Chase & Co. has a 1 year low of $150.09 and a 1 year high of $248.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50-day moving average of $218.84 and a 200 day moving average of $209.56. The stock has a market cap of $690.86 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its 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 firm 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 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $4.33 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were 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 dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Analysts Set New Price Targets

A number of research firms recently commented on JPM. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer upped their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays boosted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $227.13.

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.