Cutler Investment Counsel LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,230 shares of the financial services provider’s stock after buying an additional 167 shares during the period. Cutler Investment Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $5,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoey Investments Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 187.7% during the 2nd quarter. Hoey Investments Inc. now owns 49,684 shares of the financial services provider’s stock worth $4,673,000 after buying an additional 32,417 shares during the period. Hayden Royal LLC boosted its holdings in JPMorgan Chase & Co. by 2.7% in the 1st quarter. Hayden Royal LLC now owns 13,848 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 362 shares during the period. Occidental Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Occidental Asset Management LLC now owns 8,857 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 554 shares during the period. GFG Capital LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $947,000. Finally, WealthTrust Axiom LLC boosted its holdings in JPMorgan Chase & Co. by 7.0% in the 2nd quarter. WealthTrust Axiom LLC now owns 7,703 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 501 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

NYSE:JPM traded down $0.21 during trading hours on Friday, hitting $101.51. 13,276,397 shares of the stock were exchanged, compared to its average volume of 20,525,127. The company’s 50 day moving average is $99.36 and its two-hundred day moving average is $96.79. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $309.36 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same quarter in the prior year, the business earned $2.68 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

JPM has been the subject of a number of analyst reports. TheStreet raised shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Seaport Global Securities initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price objective for the company. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a report on Thursday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.59.

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 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 Story: NASDAQ

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.