BOS Asset Management LLC Acquires 1,135 Shares of JPMorgan Chase & Co. (NYSE:JPM)

BOS Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,431 shares of the financial services provider’s stock after buying an additional 1,135 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of BOS Asset Management LLC’s portfolio, making the stock its 24th largest position. BOS Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Amplius Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the third quarter. Amplius Wealth Advisors LLC now owns 12,366 shares of the financial services provider’s stock valued at $2,607,000 after purchasing an additional 179 shares during the period. Indiana Trust & Investment Management Co boosted its holdings in shares of JPMorgan Chase & Co. by 2.0% in the third quarter. Indiana Trust & Investment Management Co now owns 27,548 shares of the financial services provider’s stock valued at $5,809,000 after purchasing an additional 545 shares during the period. Regent Peak Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 6,369 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 79 shares during the period. Transform Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Transform Wealth LLC now owns 96,679 shares of the financial services provider’s stock valued at $20,386,000 after purchasing an additional 1,027 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 8.8% in the third quarter. McKinley Carter Wealth Services Inc. now owns 26,448 shares of the financial services provider’s stock valued at $5,577,000 after purchasing an additional 2,129 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $224.45 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s fifty day moving average price is $213.63 and its 200 day moving average price is $204.31. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.85. The company has a market cap of $644.55 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the firm earned $4.33 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.23%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analysts Set New Price Targets

A number of analysts recently issued reports on JPM shares. Daiwa Capital Markets lowered their price target 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. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. 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.