JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lifted by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,214 shares of the financial services provider’s stock after buying an additional 2,893 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Accurate Wealth Management LLC’s holdings, making the stock its 11th biggest position. Accurate Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JPM. Net Worth Advisory Group acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $2,149,000. Precedent Wealth Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 5.9% in the 3rd quarter. Precedent Wealth Partners LLC now owns 9,242 shares of the financial services provider’s stock valued at $1,949,000 after buying an additional 518 shares in the last quarter. Stratos Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 9.5% in the third quarter. Stratos Investment Management LLC now owns 48,048 shares of the financial services provider’s stock worth $10,132,000 after buying an additional 4,154 shares during the last quarter. Kohmann Bosshard Financial Services LLC raised its position in JPMorgan Chase & Co. by 5.1% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 4,675 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 226 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 0.8% in the third quarter. Stratos Wealth Advisors LLC now owns 64,049 shares of the financial services provider’s stock valued at $13,505,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.4 %

Shares of JPM opened at $225.37 on Friday. The stock’s 50-day moving average price is $214.03 and its 200 day moving average price is $204.54. 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 firm has a market capitalization of $647.19 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.92.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.33 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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 is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target 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. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Barclays increased their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Daiwa Capital Markets reduced their target price 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. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.