Beck Capital Management LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Beck Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,314 shares of the financial services provider’s stock after buying an additional 937 shares during the period. Beck Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,018,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in JPM. Benjamin Edwards Inc. increased its position in JPMorgan Chase & Co. by 425.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 140,556 shares of the financial services provider’s stock worth $29,670,000 after purchasing an additional 113,781 shares in the last quarter. Aureus Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Aureus Asset Management LLC now owns 17,305 shares of the financial services provider’s stock worth $3,649,000 after purchasing an additional 89 shares during the last quarter. Paradigm Capital Management LLC NV purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $3,024,000. FSA Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $468,000. Finally, B&L Asset Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $3,267,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.0 %

Shares of JPMorgan Chase & Co. stock opened at $249.72 on Monday. JPMorgan Chase & Co. has a twelve month low of $154.38 and a twelve month high of $254.31. The stock has a market cap of $703.05 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of $227.21 and a 200 day moving average price of $213.78.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays boosted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $229.31.

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.