Dumont & Blake Investment Advisors LLC Has $2.76 Million Holdings in JPMorgan Chase & Co. (JPM)

Dumont & Blake Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,416 shares of the financial services provider’s stock after buying an additional 530 shares during the quarter. JPMorgan Chase & Co. makes up 1.1% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Dumont & Blake Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,755,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bourne Lent Asset Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $203,000. California Capital Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 213.2% in the 3rd quarter. California Capital Advisors Inc. now owns 16,337 shares of the financial services provider’s stock valued at $1,843,000 after purchasing an additional 11,121 shares during the period. Abner Herrman & Brock LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.3% in the 3rd quarter. Abner Herrman & Brock LLC now owns 229,420 shares of the financial services provider’s stock valued at $25,888,000 after purchasing an additional 7,377 shares during the period. Guardian Investment Management raised its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Guardian Investment Management now owns 22,434 shares of the financial services provider’s stock valued at $2,531,000 after purchasing an additional 580 shares during the period. Finally, Palisade Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.0% in the 3rd quarter. Palisade Asset Management LLC now owns 9,941 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 473 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 1,150 shares of the firm’s stock in a transaction on Friday, October 19th. The shares were purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the transaction, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

JPM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Friday, September 14th. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. Wolfe Research initiated coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday, October 12th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $121.85.

Shares of JPM opened at $99.91 on Friday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.33. The stock has a market capitalization of $344.57 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.52 and a beta of 1.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The business had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the prior year, the business earned $1.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 4th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.20%. JPMorgan Chase & Co.’s payout ratio is presently 46.58%.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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