New England Capital Financial Advisors LLC Acquires 50 Shares of JPMorgan Chase & Co. (NYSE:JPM)

New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 38.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. New England Capital Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Henrickson Nauta Wealth Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 45 shares during the period. Sunburst Financial Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 45 shares in the last quarter. West Wealth Group LLC boosted its position in shares of JPMorgan Chase & Co. by 3.6% during the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 46 shares during the last quarter. Instrumental Wealth LLC grew its stake in JPMorgan Chase & Co. by 4.5% during the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 47 shares in the last quarter. Finally, Prossimo Advisors LLC grew its stake in JPMorgan Chase & Co. by 0.5% during the third quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider’s stock valued at $1,843,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.31.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $236.36 on Friday. JPMorgan Chase & Co. has a 12-month low of $143.62 and a 12-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 50-day moving average price of $216.71 and a 200-day moving average price of $207.71. The firm has a market capitalization of $665.43 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.21 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company 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 company posted $4.33 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.12%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is presently 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.