Advisors Management Group Inc. ADV Buys 119 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Advisors Management Group Inc. ADV increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,687 shares of the financial services provider’s stock after buying an additional 119 shares during the period. Advisors Management Group Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JPM. Laidlaw Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,797,056 shares during the period. Provident Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at $34,000. FAI Wealth Management grew its holdings in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares during the period. Marshall & Sullivan Inc. WA bought a new position in JPMorgan Chase & Co. during the third quarter valued at $43,000. Finally, Eukles Asset Management grew its holdings in JPMorgan Chase & Co. by 28.7% during the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 119 shares during the period. 69.35% of the stock is owned by institutional investors.

In other news, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total transaction of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. 0.78% of the stock is owned by corporate insiders.

Several brokerages have weighed in on JPM. Keefe, Bruyette & Woods lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $125.00 to $130.00 in a report on Wednesday. TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $115.00 in a research report on Thursday, September 3rd. Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Finally, Morgan Stanley restated a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average target price of $111.34.

JPM opened at $114.57 on Friday. The stock has a market cap of $349.23 billion, a PE ratio of 14.98, a P/E/G ratio of 2.68 and a beta of 1.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The business’s fifty day simple moving average is $103.80 and its 200 day simple moving average is $99.04.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.69. The business had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.68 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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