Noble Family Wealth LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Noble Family Wealth LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 950 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after purchasing an additional 84 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after buying an additional 63 shares in the last quarter. Andra AP fonden grew its holdings in JPMorgan Chase & Co. by 82.2% during the 2nd quarter. Andra AP fonden now owns 270,000 shares of the financial services provider’s stock valued at $54,610,000 after buying an additional 121,800 shares in the last quarter. Hutchinson Capital Management CA increased its position in shares of JPMorgan Chase & Co. by 143.5% during the second quarter. Hutchinson Capital Management CA now owns 5,089 shares of the financial services provider’s stock valued at $1,029,000 after buying an additional 2,999 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 13.5% in the second quarter. Daiwa Securities Group Inc. now owns 420,057 shares of the financial services provider’s stock worth $84,961,000 after buying an additional 49,937 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on JPM shares. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Evercore ISI upped 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. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.8 %

JPMorgan Chase & Co. stock opened at $244.25 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company has a market cap of $687.65 billion, a P/E ratio of 13.59, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $242.08 and a two-hundred day simple moving average of $223.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share 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 the consensus estimate 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $4.33 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase & Co.’s payout ratio is currently 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.