Aviso Wealth Management Buys 1,124 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Aviso Wealth Management boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,214 shares of the financial services provider’s stock after purchasing an additional 1,124 shares during the quarter. Aviso Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,310,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. WFA Asset Management Corp grew its stake in JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after buying an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $1,185,000. Brogan Financial Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $226,000. Secured Retirement Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 2.5% in the 1st quarter. Secured Retirement Advisors LLC now owns 9,294 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 231 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its stake in JPMorgan Chase & Co. by 3.4% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 122,381 shares of the financial services provider’s stock worth $24,513,000 after purchasing an additional 4,006 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $245.17 on Friday. The stock has a market capitalization of $690.24 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 3.53 and a beta of 1.10. The stock has a 50-day moving average of $222.25 and a 200 day moving average of $211.36. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.33 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid 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 dividend yield of 2.04%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research analyst reports. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Barclays lifted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup increased their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $229.31.

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.