Summit Trail Advisors LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Summit Trail Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,843 shares of the financial services provider’s stock after purchasing an additional 6,099 shares during the period. Summit Trail Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $16,625,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JPM. WFA Asset Management Corp increased its stake in shares of JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $1,185,000. Jacobs Levy Equity Management Inc. grew its stake in JPMorgan Chase & Co. by 32.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock valued at $1,277,000 after acquiring an additional 1,569 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $1,206,000. Finally, Montchanin Asset Management LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $5,382,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $249.75 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $703.13 billion, a P/E ratio of 13.90, a P/E/G ratio of 3.63 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $152.72 and a 1-year high of $254.31. The firm has a 50-day moving average of $225.64 and a 200-day moving average of $213.00.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Evercore ISI boosted their price objective 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. 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 note on Monday, October 14th. Daiwa Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $229.31.

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.