Silicon Valley Capital Partners Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Silicon Valley Capital Partners raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,166 shares of the financial services provider’s stock after buying an additional 453 shares during the quarter. Silicon Valley Capital Partners’ holdings in JPMorgan Chase & Co. were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of JPM. WFA Asset Management Corp increased its position in JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 412 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $1,185,000. Hoey Investments Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after purchasing an additional 1,247 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% during the first quarter. Resonant Capital Advisors LLC now owns 29,304 shares of the financial services provider’s stock worth $5,870,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Schear Investment Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 30.2% during the first quarter. Schear Investment Advisers LLC now owns 9,413 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 2,184 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Daiwa Capital Markets reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Barclays increased their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $224.31.

JPMorgan Chase & Co. Trading Down 4.3 %

JPM stock opened at $236.36 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. The company has a market cap of $665.43 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.21 and a beta of 1.10. The business has a fifty day simple moving average of $216.71 and a 200-day simple moving average of $207.71. JPMorgan Chase & Co. has a 52 week low of $143.62 and a 52 week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The company 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.33 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was 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 currently 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.