JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,189 shares of the financial services provider’s stock after acquiring an additional 96 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $887,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. Copley Financial Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $670,000. Oddo BHF Asset Management Sas purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $6,031,000. Inspire Trust Co. N.A. increased its stake in JPMorgan Chase & Co. by 12.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 19,309 shares of the financial services provider’s stock valued at $4,071,000 after buying an additional 2,192 shares during the period. Old North State Trust LLC lifted its position in JPMorgan Chase & Co. by 3.0% in the 3rd quarter. Old North State Trust LLC now owns 4,017 shares of the financial services provider’s stock worth $847,000 after buying an additional 117 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after acquiring an additional 1,016,289 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $2.23 during trading hours on Friday, reaching $239.30. The stock had a trading volume of 1,141,311 shares, compared to its average volume of 8,953,269. The company has a market cap of $673.71 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $161.71 and a twelve month high of $254.31. The business’s fifty day moving average is $233.51 and its two-hundred day moving average is $216.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

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 (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 during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the company posted $4.33 EPS. The business’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned 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 $234.81.

JPMorgan Chase & Co. 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.