JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.4% during the third quarter, HoldingsChannel reports. The firm owned 39,950 shares of the financial services provider’s stock after purchasing an additional 5,920 shares during the quarter. JPMorgan Chase & Co. makes up about 0.7% of Lindbrook Capital LLC’s investment portfolio, making the stock its 25th largest position. Lindbrook Capital LLC’s holdings in JPMorgan Chase & Co. were worth $8,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $32,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $34,000. West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC lifted 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 valued at $38,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on JPM shares. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird cut 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. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $224.31.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $241.24 on Thursday. The business has a 50 day simple moving average of $217.92 and a two-hundred day simple moving average of $209.11. JPMorgan Chase & Co. has a 12 month low of $146.52 and a 12 month high of $248.00. The stock has a market capitalization of $679.17 billion, a P/E ratio of 13.42, a PEG ratio of 3.48 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

JPMorgan Chase & Co. 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.