JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Increased by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,967 shares of the financial services provider’s stock after purchasing an additional 100 shares during the quarter. Charter Research & Investment Group Inc.’s holdings in JPMorgan Chase & Co. were worth $432,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JSF Financial LLC raised its position in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 65 shares during the last quarter. Red Wave Investments LLC increased its stake in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after buying an additional 65 shares in the last quarter. Riverview Capital Advisers LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.2% in the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after buying an additional 66 shares during the last quarter. Keystone Wealth Services LLC lifted its position in JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock worth $601,000 after buying an additional 67 shares in the last quarter. Finally, Carmel Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 2.8% during the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 67 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JPM. Atlantic Securities boosted their target price on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a report on Thursday, November 2nd. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Finally, Evercore ISI raised their price target on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $168.80.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $153.29 on Tuesday. The stock’s fifty day simple moving average is $145.23 and its 200 day simple moving average is $145.34. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $443.16 billion, a PE ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The company had revenue of $40.69 billion for the quarter, compared to analyst estimates of $39.63 billion. During the same quarter last year, the firm posted $3.12 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.4% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $1.05 dividend. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.74%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is presently 25.07%.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.