SMART Wealth LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

SMART Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 171.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,938 shares of the financial services provider’s stock after purchasing an additional 2,486 shares during the quarter. SMART Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in 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 buying an additional 84 shares in the last quarter. ERn Financial LLC boosted its position in shares of JPMorgan Chase & Co. by 9.4% in the second quarter. ERn Financial LLC now owns 6,288 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 542 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of JPMorgan Chase & Co. by 36.9% in the second quarter. Sumitomo Life Insurance Co. now owns 71,559 shares of the financial services provider’s stock worth $14,306,000 after acquiring an additional 19,302 shares during the last quarter. TCW Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 20.1% in the second quarter. TCW Group Inc. now owns 575,166 shares of the financial services provider’s stock valued at $116,333,000 after buying an additional 96,215 shares during the period. Finally, Mason & Associates Inc lifted its stake in JPMorgan Chase & Co. by 1.4% during the second quarter. Mason & Associates Inc now owns 6,418 shares of the financial services provider’s stock worth $1,298,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $239.94 on Monday. The stock has a 50-day moving average price of $234.09 and a two-hundred day moving average price of $216.90. JPMorgan Chase & Co. has a 1 year low of $161.71 and a 1 year high of $254.31. The stock has a market cap of $675.51 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. 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. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.33 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $234.81.

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.