Better Money Decisions LLC Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Better Money Decisions LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,044 shares of the financial services provider’s stock after acquiring an additional 211 shares during the period. Better Money Decisions LLC’s holdings in JPMorgan Chase & Co. were worth $642,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 2.1% during the 1st quarter. BKM Wealth Management LLC now owns 14,660 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 297 shares during the last quarter. Horizon Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.6% in the first quarter. Horizon Wealth Management LLC now owns 5,028 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 173 shares during the period. Kowal Investment Group LLC grew its position in shares of JPMorgan Chase & Co. by 4.3% during the first quarter. Kowal Investment Group LLC now owns 9,996 shares of the financial services provider’s stock worth $2,002,000 after acquiring an additional 411 shares during the last quarter. Little House Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 9.0% in the 1st quarter. Little House Capital LLC now owns 34,192 shares of the financial services provider’s stock valued at $6,849,000 after acquiring an additional 2,821 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Miracle Mile Advisors LLC now owns 62,615 shares of the financial services provider’s stock valued at $12,542,000 after acquiring an additional 2,086 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on JPM. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Barclays boosted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Citigroup increased their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPM opened at $222.94 on Friday. JPMorgan Chase & Co. has a twelve month low of $139.23 and a twelve month 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 firm has a market capitalization of $634.30 billion, a P/E ratio of 12.41, a PEG ratio of 3.28 and a beta of 1.11. The firm’s 50-day moving average is $216.15 and its two-hundred day moving average is $206.54.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $4.33 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.