Frisch Financial Group Inc. Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Frisch Financial Group Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,960 shares of the financial services provider’s stock after purchasing an additional 537 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.0% of Frisch Financial Group Inc.’s holdings, making the stock its 14th largest holding. Frisch Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $4,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Your Advocates Ltd. LLP raised its position in shares of JPMorgan Chase & Co. by 250.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after buying an additional 125 shares in the last quarter. Provident Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $34,000. FAI Wealth Management raised its position in shares of JPMorgan Chase & Co. by 317.0% during the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after buying an additional 317 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $43,000. Finally, Eukles Asset Management raised its position in shares of JPMorgan Chase & Co. by 28.7% during the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock valued at $51,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

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

Shares of JPM opened at $114.57 on Friday. The company has a 50 day moving average price of $103.80 and a 200-day moving average price of $99.04. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The stock has a market capitalization of $349.23 billion, a PE ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $28.20 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 7.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given 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 payout ratio is presently 34.35%.

Several equities analysts recently commented on JPM shares. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $115.00 in a report on Thursday, September 3rd. Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. BMO Capital Markets upped their price target 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. Finally, Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and upped their price target for the company from $125.00 to $130.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $111.34.

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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