JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Better Money Decisions LLC

Better Money Decisions LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,044 shares of the financial services provider’s stock after purchasing an additional 211 shares during the quarter. Better Money Decisions LLC’s holdings in JPMorgan Chase & Co. were worth $642,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPM. Eagle Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Eagle Strategies LLC now owns 5,655 shares of the financial services provider’s stock valued at $1,192,000 after buying an additional 67 shares in the last quarter. Jacobsen Capital Management raised its position in JPMorgan Chase & Co. by 4.4% during the third quarter. Jacobsen Capital Management now owns 4,782 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 201 shares during the period. Fidelis Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 2.5% during the third quarter. Fidelis Capital Partners LLC now owns 42,137 shares of the financial services provider’s stock valued at $9,414,000 after purchasing an additional 1,029 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of JPMorgan Chase & Co. by 24.8% during the 3rd quarter. Valmark Advisers Inc. now owns 42,218 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 8,382 shares during the last quarter. Finally, Dodds Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 11.8% during the 3rd quarter. Dodds Wealth LLC now owns 1,658 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JPM. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a report on Monday, September 30th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of JPM opened at $222.94 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The firm has a market cap of $634.30 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company’s 50-day moving average price is $216.15 and its 200 day moving average price is $206.54. JPMorgan Chase & Co. has a 12-month low of $139.23 and a 12-month high of $226.75.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $4.33 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.52 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

About JPMorgan Chase & Co.

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.