GDS Wealth Management Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

GDS Wealth Management grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,416 shares of the financial services provider’s stock after acquiring an additional 4,700 shares during the period. JPMorgan Chase & Co. comprises 1.6% of GDS Wealth Management’s portfolio, making the stock its 25th largest holding. GDS Wealth Management’s holdings in JPMorgan Chase & Co. were worth $16,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Catalyst Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the third quarter worth $27,000. Fairway Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $32,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $34,000. West Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $37,000. Finally, New England Capital Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JPM. Daiwa Capital Markets decreased their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $227.13.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $245.39 on Friday. The company has a market cap of $690.86 billion, a P/E ratio of 13.66, a P/E/G ratio of 3.50 and a beta of 1.10. The business has a fifty day simple moving average of $218.84 and a 200-day simple moving average of $209.56. JPMorgan Chase & Co. has a 52 week low of $150.09 and a 52 week high of $248.00. 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 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the firm posted $4.33 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. 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 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.