High Falls Advisors Inc Has $1.35 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

High Falls Advisors Inc boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,388 shares of the financial services provider’s stock after buying an additional 277 shares during the period. High Falls Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $1,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Nabity Jensen Investment Management Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $1,457,000. Raelipskie Partnership boosted its holdings in JPMorgan Chase & Co. by 3.0% during the third quarter. Raelipskie Partnership now owns 19,264 shares of the financial services provider’s stock valued at $4,062,000 after purchasing an additional 560 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Continuum Advisory LLC now owns 17,531 shares of the financial services provider’s stock valued at $3,697,000 after purchasing an additional 293 shares during the period. LRI Investments LLC raised its holdings in shares of JPMorgan Chase & Co. by 195.3% in the 3rd quarter. LRI Investments LLC now owns 40,114 shares of the financial services provider’s stock worth $8,458,000 after buying an additional 26,529 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in shares of JPMorgan Chase & Co. by 8.8% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 7,010 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 568 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of analyst reports. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Trading Down 1.4 %

Shares of JPM opened at $243.81 on Tuesday. The stock’s fifty day simple moving average is $231.34 and its 200-day simple moving average is $215.71. The firm has a market capitalization of $686.41 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.59 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $158.15 and a 12-month high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the company posted $4.33 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. JPMorgan Chase & Co.’s payout ratio is presently 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.