BEAM Asset Management LLC Acquires Shares of 2,083 JPMorgan Chase & Co. (NYSE:JPM)

BEAM Asset Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,083 shares of the financial services provider’s stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JPM. Ironwood Wealth Management LLC. boosted its position in shares of JPMorgan Chase & Co. by 12.1% during the 1st quarter. Ironwood Wealth Management LLC. now owns 14,173 shares of the financial services provider’s stock worth $2,158,000 after purchasing an additional 1,525 shares in the last quarter. Pendal Group Limited boosted its position in shares of JPMorgan Chase & Co. by 28.4% in the 1st quarter. Pendal Group Limited now owns 26,061 shares of the financial services provider’s stock worth $3,967,000 after buying an additional 5,768 shares in the last quarter. MBL Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 11.0% in the 1st quarter. MBL Wealth LLC now owns 7,131 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 709 shares in the last quarter. Fragasso Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.5% in the 1st quarter. Fragasso Group Inc. now owns 42,856 shares of the financial services provider’s stock worth $6,524,000 after buying an additional 637 shares in the last quarter. Finally, Adams Chetwood Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Adams Chetwood Wealth Management LLC now owns 3,803 shares of the financial services provider’s stock worth $579,000 after buying an additional 65 shares in the last quarter. Institutional investors own 69.51% of the company’s stock.

Several equities research analysts recently commented on JPM shares. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 14th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, October 15th. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, October 11th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 14th. Finally, Credit Suisse Group set a $177.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, October 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $168.56.

NYSE JPM opened at $166.96 on Thursday. JPMorgan Chase & Co. has a 12 month low of $117.77 and a 12 month high of $172.96. The company has a 50-day moving average of $166.07 and a 200-day moving average of $160.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $493.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.74. The firm had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.30%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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