Lifeworks Advisors LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Lifeworks Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,893 shares of the financial services provider’s stock after acquiring an additional 117 shares during the quarter. Lifeworks Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $821,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Kapstone Financial Advisors LLC grew its position in JPMorgan Chase & Co. by 4.5% during the third quarter. Kapstone Financial Advisors LLC now owns 9,768 shares of the financial services provider’s stock valued at $2,056,000 after acquiring an additional 422 shares during the last quarter. Intelligence Driven Advisers LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.0% during the third quarter. Intelligence Driven Advisers LLC now owns 2,833 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 325 shares during the period. Lummis Asset Management LP raised its holdings in JPMorgan Chase & Co. by 371.4% during the 3rd quarter. Lummis Asset Management LP now owns 858 shares of the financial services provider’s stock valued at $181,000 after buying an additional 676 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in JPMorgan Chase & Co. by 7.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 78,997 shares of the financial services provider’s stock worth $16,657,000 after acquiring an additional 5,241 shares during the last quarter. Finally, Black Swift Group LLC increased its position in shares of JPMorgan Chase & Co. by 40.7% in the third quarter. Black Swift Group LLC now owns 5,700 shares of the financial services provider’s stock valued at $1,202,000 after acquiring an additional 1,650 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JPM shares. Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.13.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM opened at $245.18 on Tuesday. The business’s 50 day moving average is $220.06 and its 200 day moving average is $210.55. 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 12-month low of $151.92 and a 12-month high of $248.00. The company has a market capitalization of $690.27 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.04%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

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.