Johnson & White Wealth Management LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Johnson & White Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,442 shares of the financial services provider’s stock after buying an additional 189 shares during the period. JPMorgan Chase & Co. makes up about 1.5% of Johnson & White Wealth Management LLC’s portfolio, making the stock its 17th largest position. Johnson & White Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Exencial Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 29,767 shares of the financial services provider’s stock worth $5,063,000 after purchasing an additional 978 shares during the last quarter. Beacon Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 7.0% during the fourth quarter. Beacon Investment Advisors LLC now owns 2,089 shares of the financial services provider’s stock valued at $355,000 after buying an additional 136 shares during the period. Prudential PLC increased its holdings in JPMorgan Chase & Co. by 45.0% during the fourth quarter. Prudential PLC now owns 236,451 shares of the financial services provider’s stock worth $40,220,000 after buying an additional 73,389 shares during the last quarter. Schroder Investment Management Group raised its position in JPMorgan Chase & Co. by 2.5% in the fourth quarter. Schroder Investment Management Group now owns 5,104,331 shares of the financial services provider’s stock worth $868,247,000 after acquiring an additional 124,811 shares during the period. Finally, Wealth Quarterback LLC boosted its stake in JPMorgan Chase & Co. by 48.2% in the fourth quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 1,009 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Barclays upped their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.13.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $205.17 on Friday. The stock has a market cap of $589.18 billion, a P/E ratio of 11.44, a PEG ratio of 2.39 and a beta of 1.11. 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 business’s 50-day moving average price is $211.32 and its two-hundred day moving average price is $202.90. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the business posted $4.37 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.72 EPS 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. Investors of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

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.