von Borstel & Associates Inc. Takes $766,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

von Borstel & Associates Inc. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,633 shares of the financial services provider’s stock, valued at approximately $766,000. JPMorgan Chase & Co. comprises approximately 0.4% of von Borstel & Associates Inc.’s holdings, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,070,000. Warren Street Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 6.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 3,502 shares of the financial services provider’s stock valued at $596,000 after buying an additional 213 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $109,000. Livelsberger Financial Advisory acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $74,000. Finally, Napatree Capital LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $905,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JPM shares. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted 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 report on Monday. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Up 0.4 %

JPMorgan Chase & Co. stock opened at $222.39 on Wednesday. The firm has a market cap of $638.63 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day moving average price is $212.76 and its two-hundred day moving average price is $204.04. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the business posted $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

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.