Gyroscope Capital Management Group LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,119 shares of the financial services provider’s stock after buying an additional 300 shares during the period. Gyroscope Capital Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $974,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hoey Investments Inc. increased its holdings in shares of JPMorgan Chase & Co. by 187.7% during the second 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 in the last quarter. Hayden Royal LLC increased its holdings in JPMorgan Chase & Co. by 2.7% in the first 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 increased its holdings in JPMorgan Chase & Co. by 6.7% in the second 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 acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $947,000. Finally, WealthTrust Axiom LLC increased its holdings in JPMorgan Chase & Co. by 7.0% in the second 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. Institutional investors own 69.35% of the company’s stock.

A number of analysts recently weighed in on the company. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. Berenberg Bank increased their price objective on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a report on Monday, July 20th. Seaport Global Securities assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price objective for the company. Credit Suisse Group restated a “buy” rating and issued a $126.00 price objective (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $111.59.

JPM stock opened at $101.51 on Friday. The stock has a market capitalization of $309.36 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. The company’s 50-day moving average is $99.36 and its 200-day moving average is $96.79. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.

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

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

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.

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

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