NBC Securities Inc. Has $9.28 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

NBC Securities Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,010 shares of the financial services provider’s stock after selling 392 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of NBC Securities Inc.’s investment portfolio, making the stock its 14th largest holding. NBC Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $9,280,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in JPM. Occidental Asset Management LLC lifted its position in JPMorgan Chase & Co. by 6.2% during the 3rd quarter. Occidental Asset Management LLC now owns 23,190 shares of the financial services provider’s stock worth $4,890,000 after acquiring an additional 1,356 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $2,487,000. Iams Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 3.5% during the 3rd quarter. Iams Wealth Management LLC now owns 11,737 shares of the financial services provider’s stock valued at $2,475,000 after purchasing an additional 395 shares during the period. Creative Planning grew its holdings in JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after buying an additional 34,746 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in JPMorgan Chase & Co. by 2.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 6,894 shares of the financial services provider’s stock worth $1,454,000 after buying an additional 194 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets increased their target price 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. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Daiwa Capital Markets reduced their price objective on 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. Finally, Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $3.02 on Tuesday, reaching $224.50. The stock had a trading volume of 2,994,499 shares, compared to its average volume of 9,117,991. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock has a fifty day moving average price of $212.32 and a 200-day moving average price of $203.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $644.69 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating 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 return on equity of 17.26% and a net margin of 20.32%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $4.33 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

JPMorgan Chase & Co. Company 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.