BCM Advisors LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

BCM Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 382.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,099 shares of the financial services provider’s stock after purchasing an additional 4,834 shares during the quarter. BCM Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JPM. WFA Asset Management Corp grew its holdings in JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after buying an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $1,185,000. Hoey Investments Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 5.9% in the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock worth $4,482,000 after purchasing an additional 1,247 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 271,231 shares of the financial services provider’s stock worth $54,328,000 after purchasing an additional 983 shares during the period. Finally, Elite Life Management LLC boosted its stake in JPMorgan Chase & Co. by 4.4% during the first quarter. Elite Life Management LLC now owns 1,405 shares of the financial services provider’s stock worth $281,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Two equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $245.18 on Tuesday. The firm has a 50-day simple moving average of $220.06 and a 200-day simple moving average of $210.55. JPMorgan Chase & Co. has a one year low of $151.92 and a one year high of $248.00. The firm has a market cap of $690.27 billion, a P/E ratio of 13.64, a P/E/G ratio of 3.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.04%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.