JPMorgan Chase & Co. (NYSE:JPM) Stock Position Increased by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,464 shares of the financial services provider’s stock after purchasing an additional 51 shares during the quarter. JPMorgan Chase & Co. comprises 1.3% of Greater Midwest Financial Group LLC’s holdings, making the stock its 21st biggest position. Greater Midwest Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bath Savings Trust Co increased its stake in JPMorgan Chase & Co. by 0.9% during the 1st quarter. Bath Savings Trust Co now owns 12,800 shares of the financial services provider’s stock valued at $2,564,000 after buying an additional 116 shares during the period. jvl associates llc grew its stake in shares of JPMorgan Chase & Co. by 59.8% in the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 715 shares during the last quarter. Emprise Bank acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $2,213,000. Rowlandmiller & PARTNERS.ADV grew its stake in shares of JPMorgan Chase & Co. by 1.3% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 25,963 shares of the financial services provider’s stock worth $5,201,000 after purchasing an additional 330 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 786,454 shares of the financial services provider’s stock worth $157,527,000 after purchasing an additional 12,033 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $224.45 on Friday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average price of $213.63 and a two-hundred day moving average price of $204.31. The stock has a market capitalization of $644.55 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is 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 currently 27.89%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Daiwa Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Company 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.