Boston Family Office LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Boston Family Office LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,614 shares of the financial services provider’s stock after purchasing an additional 1,165 shares during the period. Boston Family Office LLC’s holdings in JPMorgan Chase & Co. were worth $10,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Mizuho Securities Co. Ltd. purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $27,000. Fairway Wealth LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $32,000. Anfield Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $34,000. Finally, West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $37,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on JPM. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Trading Down 0.1 %

JPMorgan Chase & Co. stock opened at $249.75 on Thursday. JPMorgan Chase & Co. has a 12-month low of $152.72 and a 12-month high of $254.31. The firm has a market capitalization of $703.13 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 3.63 and a beta of 1.10. The firm has a 50 day moving average of $225.64 and a 200 day moving average of $213.00. 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 announced 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the company posted $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $1.25 dividend. This is a positive change 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 dividend yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is 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.