First Commonwealth Financial Corp PA Buys 60 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First Commonwealth Financial Corp PA lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,251 shares of the financial services provider’s stock after acquiring an additional 60 shares during the period. JPMorgan Chase & Co. makes up 0.7% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 20th biggest position. First Commonwealth Financial Corp PA’s holdings in JPMorgan Chase & Co. were worth $3,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Vision MN LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $3,306,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $174,000. CreativeOne Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. by 43.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 22,897 shares of the financial services provider’s stock valued at $4,828,000 after purchasing an additional 6,902 shares during the last quarter. BNP Paribas lifted its stake in JPMorgan Chase & Co. by 3.0% in the third quarter. BNP Paribas now owns 226,563 shares of the financial services provider’s stock worth $47,684,000 after purchasing an additional 6,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of JPMorgan Chase & Co. by 137.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider’s stock worth $922,760,000 after buying an additional 2,535,590 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $249.98 on Friday. The business has a 50 day moving average of $227.21 and a 200 day moving average of $213.61. The firm has a market cap of $703.78 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $154.38 and a twelve month high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS 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 analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.33 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Daiwa Capital Markets dropped their price target on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $229.31.

About JPMorgan Chase & Co.

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.