Global Trust Asset Management LLC Acquires 341 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Global Trust Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,029 shares of the financial services provider’s stock after purchasing an additional 341 shares during the period. Global Trust Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrive Wealth Management LLC raised its position in JPMorgan Chase & Co. by 7.6% in the first quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 555 shares during the last quarter. 180 Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 0.7% in the first quarter. 180 Wealth Advisors LLC now owns 19,426 shares of the financial services provider’s stock valued at $3,891,000 after purchasing an additional 129 shares during the last quarter. Tarbox Family Office Inc. raised its position in JPMorgan Chase & Co. by 13.5% in the first quarter. Tarbox Family Office Inc. now owns 1,926 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 229 shares during the last quarter. Dohj LLC raised its position in JPMorgan Chase & Co. by 1.3% in the first quarter. Dohj LLC now owns 8,661 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 109 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its position in JPMorgan Chase & Co. by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 9,894 shares of the financial services provider’s stock valued at $1,982,000 after purchasing an additional 167 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of JPMorgan Chase & Co. stock opened at $222.31 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. The stock has a 50 day moving average price of $215.39 and a two-hundred day moving average price of $205.52. The stock has a market capitalization of $638.40 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter last year, the firm posted $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. 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. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

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.