Blue Investment Partners LLC Purchases 619 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Blue Investment Partners LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 42.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,062 shares of the financial services provider’s stock after buying an additional 619 shares during the quarter. Blue Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JPM. Acorn Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 8.5% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 12,650 shares of the financial services provider’s stock worth $2,667,000 after acquiring an additional 994 shares in the last quarter. Diversified LLC lifted its stake in JPMorgan Chase & Co. by 1.0% during the third quarter. Diversified LLC now owns 11,514 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 117 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of JPMorgan Chase & Co. by 104.2% in the 3rd quarter. Truvestments Capital LLC now owns 4,663 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 2,380 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of JPMorgan Chase & Co. by 4.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 105,317 shares of the financial services provider’s stock valued at $22,207,000 after purchasing an additional 4,497 shares during the last quarter. Finally, Alliance Wealth Management Group raised its holdings in shares of JPMorgan Chase & Co. by 3.1% during the 3rd quarter. Alliance Wealth Management Group now owns 5,146 shares of the financial services provider’s stock worth $1,085,000 after buying an additional 155 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JPM shares. Daiwa Capital Markets decreased their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target 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 assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $249.79 on Friday. The stock has a market capitalization of $703.24 billion, a PE ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10. The business’s 50 day simple moving average is $226.43 and its 200 day simple moving average is $213.26. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $152.72 and a one year high of $254.31.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.00%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.