JPMorgan Chase & Co. (NYSE:JPM) is Hilltop Holdings Inc.’s 9th Largest Position

Hilltop Holdings Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 110.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,611 shares of the financial services provider’s stock after buying an additional 44,406 shares during the quarter. JPMorgan Chase & Co. comprises 1.1% of Hilltop Holdings Inc.’s portfolio, making the stock its 9th biggest holding. Hilltop Holdings Inc.’s holdings in JPMorgan Chase & Co. were worth $17,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Burns Matteson Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 32.6% in the second quarter. Burns Matteson Capital Management LLC now owns 1,429 shares of the financial services provider’s stock worth $289,000 after buying an additional 351 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of JPMorgan Chase & Co. by 31.1% during the 2nd quarter. Mather Group LLC. now owns 26,453 shares of the financial services provider’s stock valued at $5,299,000 after purchasing an additional 6,275 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $505,000. New England Research & Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $215,000. Finally, Fulton Bank N.A. lifted its position in shares of JPMorgan Chase & Co. by 5.8% in the second quarter. Fulton Bank N.A. now owns 56,236 shares of the financial services provider’s stock worth $11,374,000 after buying an additional 3,067 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $250.03 on Monday. JPMorgan Chase & Co. has a 1 year low of $155.88 and a 1 year high of $254.31. 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 firm’s 50 day moving average is $227.21 and its 200-day moving average is $213.78. The firm has a market capitalization of $703.92 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 3.62 and a beta of 1.10.

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. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 is a boost 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 is presently 27.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Daiwa Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. 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, the company has an average rating of “Hold” and a consensus target price of $229.31.

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.