Coastwise Capital Group LLC Acquires 150 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Coastwise Capital Group LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,725 shares of the financial services provider’s stock after acquiring an additional 150 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Coastwise Capital Group LLC’s portfolio, making the stock its 22nd biggest position. Coastwise Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Burns Matteson Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 32.6% in the 2nd quarter. Burns Matteson Capital Management LLC now owns 1,429 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 351 shares in the last quarter. Mather Group LLC. boosted its position in JPMorgan Chase & Co. by 31.1% during the 2nd quarter. Mather Group LLC. now owns 26,453 shares of the financial services provider’s stock worth $5,299,000 after buying an additional 6,275 shares during the period. Lynx Investment Advisory acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $505,000. New England Research & Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth $215,000. Finally, Fulton Bank N.A. increased its holdings in JPMorgan Chase & Co. by 5.8% in the second quarter. Fulton Bank N.A. now owns 56,236 shares of the financial services provider’s stock valued at $11,374,000 after purchasing an additional 3,067 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.0 %

Shares of JPMorgan Chase & Co. stock opened at $249.72 on Monday. The firm has a market cap of $703.05 billion, a PE ratio of 13.90, a P/E/G ratio of 3.62 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $154.38 and a 1 year high of $254.31. 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 stock has a fifty day moving average price of $227.21 and a 200-day moving average price of $213.78.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.33 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current 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 given a $1.25 dividend. This is an increase 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 2.00%. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JPM. Daiwa Capital Markets decreased their price target on 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. Royal Bank of Canada upped 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. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $229.31.

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.