Norway Savings Bank Has $3.75 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Norway Savings Bank boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,886 shares of the financial services provider’s stock after purchasing an additional 267 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Norway Savings Bank’s investment portfolio, making the stock its 8th largest holding. Norway Savings Bank’s holdings in JPMorgan Chase & Co. were worth $3,747,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new position in JPMorgan Chase & Co. in the second quarter worth about $36,000. Advocacy Wealth Management Services LLC grew its stake in shares of JPMorgan Chase & Co. by 94.3% during the third quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 150 shares during the last quarter. Capital Directions Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 27.7% during the second quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 85 shares during the last quarter. Activest Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 284.8% during the third quarter. Activest Wealth Management now owns 431 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 319 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 19.2% during the second quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 69.51% of the company’s stock.

Shares of JPM stock opened at $166.96 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $493.41 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.15 and a beta of 1.16. The stock has a 50 day simple moving average of $166.07 and a 200-day simple moving average of $160.51. JPMorgan Chase & Co. has a 1-year low of $117.77 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. The business had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Wednesday, November 17th. Stockholders of record on Monday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s payout ratio is 25.30%.

JPM has been the topic of a number of research analyst reports. Barclays boosted their price target on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a research note on Friday, October 15th. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 14th. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 14th. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, October 11th. Finally, The Goldman Sachs Group set a $198.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, October 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $168.56.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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