Adell Harriman & Carpenter Inc. Has $24.60 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Adell Harriman & Carpenter Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 116,647 shares of the financial services provider’s stock after purchasing an additional 1,523 shares during the quarter. JPMorgan Chase & Co. comprises 1.8% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 15th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in JPMorgan Chase & Co. were worth $24,596,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Retirement Group LLC grew its stake in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the last quarter. Fairway Wealth LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at about $32,000. Anfield Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at about $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $37,000. Finally, West Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $37,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on JPM. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Barclays increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.81.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $222.94 on Friday. The company has a 50 day moving average of $216.15 and a 200-day moving average of $206.72. JPMorgan Chase & Co. has a 1-year low of $139.23 and a 1-year high of $226.75. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The company has a market cap of $627.65 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS 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 net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.33 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.24%. 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.