Quent Capital LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Quent Capital LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,047 shares of the financial services provider’s stock after buying an additional 255 shares during the period. Quent Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,750,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Wealth Quarterback LLC raised its position in shares of JPMorgan Chase & Co. by 48.2% during the 4th quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock valued at $528,000 after buying an additional 1,009 shares in the last quarter. Waterloo Capital L.P. lifted its stake in shares of JPMorgan Chase & Co. by 52.9% in the 4th quarter. Waterloo Capital L.P. now owns 16,800 shares of the financial services provider’s stock valued at $2,858,000 after purchasing an additional 5,815 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 2.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 958,096 shares of the financial services provider’s stock worth $162,972,000 after purchasing an additional 24,293 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $40,000. Finally, Veritas Investment Partners UK Ltd. raised its holdings in JPMorgan Chase & Co. by 390.0% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,862 shares of the financial services provider’s stock valued at $317,000 after buying an additional 1,482 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on JPM. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Barclays lifted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $212.13.

JPMorgan Chase & Co. Stock Up 3.5 %

Shares of NYSE JPM traded up $7.20 during trading on Friday, reaching $211.22. 10,213,415 shares of the stock were exchanged, compared to its average volume of 9,148,031. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The business’s 50-day moving average price is $211.30 and its 200 day moving average price is $203.03. The company has a market capitalization of $606.55 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $4.37 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. 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 payout ratio is 27.89%.

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.