Providence Capital Advisors LLC Purchases 433 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Providence Capital Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,311 shares of the financial services provider’s stock after acquiring an additional 433 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Providence Capital Advisors LLC’s holdings, making the stock its 9th biggest position. Providence Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,922,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock valued at $1,277,000 after buying an additional 1,569 shares during the last quarter. NBW Capital LLC grew its position in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. NBW Capital LLC now owns 52,315 shares of the financial services provider’s stock valued at $10,479,000 after acquiring an additional 1,351 shares during the period. SRN Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 9.8% during the 1st quarter. SRN Advisors LLC now owns 8,386 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 748 shares during the last quarter. Chelsea Counsel Co. raised its holdings in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. Chelsea Counsel Co. now owns 2,092 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 73 shares during the period. Finally, Cape Investment Advisory Inc. lifted its stake in JPMorgan Chase & Co. by 2.9% in the 1st quarter. Cape Investment Advisory Inc. now owns 4,325 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 120 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays raised their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $249.98 on Friday. 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. has a 12-month low of $154.38 and a 12-month high of $254.31. The company’s 50 day moving average price is $227.21 and its two-hundred day moving average price is $213.61. The firm has a market cap of $703.78 billion, a PE ratio of 13.91, a PEG ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) 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 the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.33 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.