5th Street Advisors LLC Has $1.49 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

5th Street Advisors LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,058 shares of the financial services provider’s stock after buying an additional 1,140 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of 5th Street Advisors LLC’s holdings, making the stock its 21st biggest position. 5th Street Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Klingman & Associates LLC increased its position in JPMorgan Chase & Co. by 11.1% in the 3rd quarter. Klingman & Associates LLC now owns 27,257 shares of the financial services provider’s stock worth $5,747,000 after purchasing an additional 2,725 shares during the last quarter. Assetmark Inc. increased its holdings in JPMorgan Chase & Co. by 3.3% in the third quarter. Assetmark Inc. now owns 557,978 shares of the financial services provider’s stock worth $117,655,000 after buying an additional 17,998 shares during the last quarter. Townsend & Associates Inc raised its position in JPMorgan Chase & Co. by 1.1% during the third quarter. Townsend & Associates Inc now owns 15,656 shares of the financial services provider’s stock valued at $3,498,000 after acquiring an additional 167 shares in the last quarter. Pegasus Partners Ltd. lifted its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Pegasus Partners Ltd. now owns 17,388 shares of the financial services provider’s stock valued at $3,666,000 after acquiring an additional 51 shares during the last quarter. Finally, Crumly & Associates Inc. grew its position in JPMorgan Chase & Co. by 2.2% in the third quarter. Crumly & Associates Inc. now owns 5,956 shares of the financial services provider’s stock worth $1,256,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.7 %

Shares of JPM opened at $241.24 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $217.92 and a 200-day simple moving average of $209.11. JPMorgan Chase & Co. has a 52 week low of $146.52 and a 52 week high of $248.00. The firm has a market capitalization of $679.17 billion, a P/E ratio of 13.42, a P/E/G ratio of 3.48 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the company posted $4.33 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Barclays upped their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.31.

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.