JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Strategic Family Wealth Counselors L.L.C.

Strategic Family Wealth Counselors L.L.C. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,844 shares of the financial services provider’s stock after acquiring an additional 1,241 shares during the quarter. Strategic Family Wealth Counselors L.L.C.’s holdings in JPMorgan Chase & Co. were worth $1,021,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JPM. WFA Asset Management Corp lifted its position in JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after buying an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $1,185,000. Hoey Investments Inc. increased its stake in JPMorgan Chase & Co. by 5.9% during the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock worth $4,482,000 after purchasing an additional 1,247 shares during the period. Advisors Capital Management LLC increased its stake in JPMorgan Chase & Co. by 8.8% during the first quarter. Advisors Capital Management LLC now owns 435,744 shares of the financial services provider’s stock worth $87,280,000 after purchasing an additional 35,403 shares during the period. Finally, Flossbach Von Storch AG purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $323,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on JPM shares. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Barclays boosted their price target 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, October 14th. Daiwa Capital Markets cut their price target 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. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $224.31.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $239.58 on Wednesday. The firm has a market capitalization of $674.50 billion, a P/E ratio of 13.33, a P/E/G ratio of 3.46 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $145.16 and a 52 week high of $248.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $217.53 and its two-hundred day moving average is $208.78.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.33 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

About JPMorgan Chase & Co.

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.