JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Wiser Wealth Management Inc

Wiser Wealth Management Inc boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,120 shares of the financial services provider’s stock after acquiring an additional 87 shares during the period. Wiser Wealth Management Inc’s holdings in JPMorgan Chase & Co. were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Instrumental Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 4.5% in the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 47 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 48 shares during the last quarter. Great Point Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.9% during the second quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 48 shares in the last quarter. Waller Financial Planning Group Inc. raised its position in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Waller Financial Planning Group Inc. now owns 2,899 shares of the financial services provider’s stock valued at $611,000 after buying an additional 49 shares during the last quarter. Finally, Northside Capital Management LLC grew its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.0 %

NYSE:JPM opened at $205.17 on Friday. The stock has a 50-day simple moving average of $211.32 and a 200 day simple moving average of $202.90. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The company has a market capitalization of $589.18 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter last year, the firm earned $4.37 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JPM shares. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $220.00 to $224.00 in a report on Monday. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $212.13.

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.