Boston Research & Management Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 121.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,024 shares of the financial services provider’s stock after acquiring an additional 9,898 shares during the quarter. Boston Research & Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP grew its stake in shares of JPMorgan Chase & Co. by 250.0% during the second quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 125 shares in the last quarter. Provident Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $34,000. FAI Wealth Management raised its holdings in shares of JPMorgan Chase & Co. by 317.0% in the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after buying an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $43,000. Finally, Eukles Asset Management raised its holdings in shares of JPMorgan Chase & Co. by 28.7% in the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock valued at $51,000 after buying an additional 119 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. Insiders own 0.78% of the company’s stock.

Several research analysts recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their target price for the company from $125.00 to $130.00 in a report on Wednesday. The Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 target price (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $111.34.

JPMorgan Chase & Co. stock opened at $114.57 on Friday. The company has a market capitalization of $349.23 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The firm’s fifty day moving average price is $103.80 and its 200 day moving average price is $99.04.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.69. The company had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.68 EPS. Analysts forecast that JPMorgan Chase & Co. will post 7.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s payout ratio is 34.35%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Featured Article: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.