Archford Capital Strategies LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Archford Capital Strategies LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,889 shares of the financial services provider’s stock after purchasing an additional 437 shares during the period. Archford Capital Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $2,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adams Chetwood Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 1.7% in the first quarter. Adams Chetwood Wealth Management LLC now owns 3,803 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 65 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. Proficio Capital Partners LLC now owns 11,656 shares of the financial services provider’s stock valued at $1,813,000 after acquiring an additional 65 shares in the last quarter. First PREMIER Bank raised its holdings in JPMorgan Chase & Co. by 0.3% in the second quarter. First PREMIER Bank now owns 20,301 shares of the financial services provider’s stock valued at $3,157,000 after acquiring an additional 68 shares in the last quarter. Breiter Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. Breiter Capital Management Inc. now owns 11,649 shares of the financial services provider’s stock valued at $1,812,000 after acquiring an additional 69 shares in the last quarter. Finally, Verity Asset Management Inc. raised its holdings in JPMorgan Chase & Co. by 4.6% in the second quarter. Verity Asset Management Inc. now owns 1,562 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 69 shares in the last quarter. 69.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of JPM opened at $166.96 on Thursday. The company’s 50 day simple moving average is $166.07 and its 200-day simple moving average is $160.51. JPMorgan Chase & Co. has a 12-month low of $117.77 and a 12-month high of $172.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The firm has a market cap of $493.41 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same quarter last year, the company earned $2.92 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 14.95 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.30%.

JPM has been the topic of several analyst reports. The Goldman Sachs Group set a $198.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, October 13th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 14th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $187.00 to $193.00 and gave the company an “overweight” rating in a research note on Friday, October 15th. Finally, Credit Suisse Group set a $177.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Buy” and an average price target of $168.56.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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