JPMorgan Chase & Co. (NYSE:JPM) Stock Position Increased by jvl associates llc

jvl associates llc lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,334 shares of the financial services provider’s stock after purchasing an additional 308 shares during the quarter. jvl associates llc’s holdings in JPMorgan Chase & Co. were worth $559,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after buying an additional 84 shares during the period. Cadinha & Co. LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $205,000. Rothschild Investment LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $31,741,000. Klingman & Associates LLC lifted its position in JPMorgan Chase & Co. by 112.3% in the 2nd quarter. Klingman & Associates LLC now owns 24,532 shares of the financial services provider’s stock worth $4,962,000 after buying an additional 12,979 shares in the last quarter. Finally, Legacy Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 19.1% during the 2nd quarter. Legacy Advisors LLC now owns 24,236 shares of the financial services provider’s stock valued at $4,902,000 after acquiring an additional 3,887 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods increased their price target 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. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Daiwa Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $236.82.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $1.90 during trading on Friday, reaching $241.90. 4,459,944 shares of the company’s stock were exchanged, compared to its average volume of 6,779,617. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31. The company has a market cap of $681.03 billion, a P/E ratio of 13.46, a PEG ratio of 3.54 and a beta of 1.11. The firm’s 50-day moving average price is $239.32 and its 200 day moving average price is $220.65.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping 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 analyst estimates of $41.43 billion. During the same quarter in the previous year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio 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.