Glen Eagle Advisors LLC Has $3.55 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Glen Eagle Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,822 shares of the financial services provider’s stock after purchasing an additional 236 shares during the period. Glen Eagle Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,547,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JPM. EP Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 6.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 694,179 shares of the financial services provider’s stock valued at $146,375,000 after purchasing an additional 44,701 shares during the last quarter. Voya Financial Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 8.9% in the third quarter. Voya Financial Advisors Inc. now owns 19,572 shares of the financial services provider’s stock valued at $4,120,000 after purchasing an additional 1,605 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 152.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 290,796 shares of the financial services provider’s stock valued at $61,317,000 after purchasing an additional 175,649 shares in the last quarter. Wallace Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.8% during the third quarter. Wallace Capital Management Inc. now owns 2,233 shares of the financial services provider’s stock valued at $471,000 after buying an additional 102 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in JPMorgan Chase & Co. during the third quarter worth $4,210,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $247.34 on Friday. The firm has a market cap of $696.35 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 3.53 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 company’s 50 day moving average is $229.94 and its 200-day moving average is $214.79. JPMorgan Chase & Co. has a 12-month low of $156.15 and a 12-month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.33 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target 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, October 14th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $234.81.

About JPMorgan Chase & Co.

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.