JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by First Business Financial Services Inc.

First Business Financial Services Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,907 shares of the financial services provider’s stock after buying an additional 712 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.7% of First Business Financial Services Inc.’s portfolio, making the stock its 16th biggest holding. First Business Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $6,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $32,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $34,000. Finally, West Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday. Daiwa Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Oppenheimer boosted their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Finally, Morgan Stanley lowered 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE JPM opened at $243.03 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s 50-day moving average is $220.81 and its two-hundred day moving average is $210.92. JPMorgan Chase & Co. has a 12-month low of $151.92 and a 12-month high of $248.00. The company has a market capitalization of $684.21 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.56 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 EPS for the quarter, topping 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 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 business posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid 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 2.06%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 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.