Eqis Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,921 shares of the financial services provider’s stock after acquiring an additional 2,672 shares during the quarter. Eqis Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,244,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after buying an additional 2,262,845 shares in the last quarter. Eastern Bank raised its holdings in shares of JPMorgan Chase & Co. by 8.8% in the second quarter. Eastern Bank now owns 352,552 shares of the financial services provider’s stock valued at $33,162,000 after purchasing an additional 28,642 shares during the last quarter. Vantage Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 87.7% in the second quarter. Vantage Investment Partners LLC now owns 144,906 shares of the financial services provider’s stock valued at $13,630,000 after purchasing an additional 67,724 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $119,000. Finally, First Trust Advisors LP raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the second quarter. First Trust Advisors LP now owns 908,804 shares of the financial services provider’s stock valued at $85,482,000 after purchasing an additional 51,895 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on JPM shares. Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the company a “market perform” rating in a report on Wednesday, October 14th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $125.00 to $130.00 in a report on Wednesday. Finally, Morgan Stanley restated a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.34.
NYSE:JPM opened at $114.57 on Friday. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10. The company has a market cap of $349.23 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.68 and a beta of 1.15. The firm’s fifty day moving average price is $103.80 and its two-hundred day moving average price is $99.04. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $3.60 annualized dividend and a dividend yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
About JPMorgan Chase & Co.
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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