JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Keystone Financial Services

Keystone Financial Services raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,391 shares of the financial services provider’s stock after acquiring an additional 393 shares during the quarter. JPMorgan Chase & Co. makes up 0.7% of Keystone Financial Services’ investment portfolio, making the stock its 19th biggest holding. Keystone Financial Services’ holdings in JPMorgan Chase & Co. were worth $1,769,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $27,000. Fairway Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $32,000. Anfield Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $34,000. West Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $37,000. Finally, New England Capital Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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 report on Thursday, October 10th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Trading Up 1.4 %

Shares of JPM opened at $245.31 on Friday. JPMorgan Chase & Co. has a twelve month low of $150.09 and a twelve month high of $248.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $690.63 billion, a P/E ratio of 13.65, a PEG ratio of 3.50 and a beta of 1.10. The firm’s 50-day moving average is $219.50 and its two-hundred day moving average is $209.92.

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 17.62 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 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 2.04%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.