Tyler Stone Wealth Management Buys 6,116 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Tyler Stone Wealth Management increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 155.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,054 shares of the financial services provider’s stock after purchasing an additional 6,116 shares during the period. Tyler Stone Wealth Management’s holdings in JPMorgan Chase & Co. were worth $2,120,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JPM. WFA Asset Management Corp increased its position in shares of 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 worth $244,000 after purchasing an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $1,185,000. Hoey Investments Inc. grew its position 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 valued at $4,482,000 after acquiring an additional 1,247 shares during the last quarter. Empowered Funds LLC grew its position in JPMorgan Chase & Co. by 8.2% during the first quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock valued at $18,241,000 after acquiring an additional 6,907 shares during the last quarter. Finally, Lipe & Dalton grew its position in JPMorgan Chase & Co. by 17.6% during the first quarter. Lipe & Dalton now owns 1,800 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 270 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $241.93 on Friday. The stock has a fifty day moving average of $218.35 and a 200 day moving average of $209.33. JPMorgan Chase & Co. has a 52 week low of $148.46 and a 52 week high of $248.00. The firm has a market capitalization of $681.12 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.48 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 analyst estimates 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.33 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.07%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analyst Ratings Changes

A number of brokerages have commented on JPM. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Robert W. Baird cut 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 report on Thursday, November 7th. Finally, Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $224.31.

JPMorgan Chase & Co. Company 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.