Ascent Group LLC Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Ascent Group LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,127 shares of the financial services provider’s stock after buying an additional 7,615 shares during the quarter. JPMorgan Chase & Co. makes up about 0.9% of Ascent Group LLC’s holdings, making the stock its 16th largest position. Ascent Group LLC’s holdings in JPMorgan Chase & Co. were worth $12,467,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Beck Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 7.0% in the 3rd quarter. Beck Capital Management LLC now owns 14,314 shares of the financial services provider’s stock valued at $3,018,000 after buying an additional 937 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of JPMorgan Chase & Co. by 425.0% during the third quarter. Benjamin Edwards Inc. now owns 140,556 shares of the financial services provider’s stock worth $29,670,000 after purchasing an additional 113,781 shares during the last quarter. Aureus Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Aureus Asset Management LLC now owns 17,305 shares of the financial services provider’s stock worth $3,649,000 after purchasing an additional 89 shares in the last quarter. Paradigm Capital Management LLC NV purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $3,024,000. Finally, FSA Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $468,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $249.72 on Monday. JPMorgan Chase & Co. has a 12 month low of $154.38 and a 12 month high of $254.31. The company has a 50-day simple moving average of $227.21 and a 200-day simple moving average of $213.78. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $703.05 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.33 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently 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.