Professional Planning Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Professional Planning boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,880 shares of the financial services provider’s stock after purchasing an additional 150 shares during the period. JPMorgan Chase & Co. comprises about 1.3% of Professional Planning’s investment portfolio, making the stock its 18th biggest position. Professional Planning’s holdings in JPMorgan Chase & Co. were worth $1,721,000 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. Your Advocates Ltd. LLP lifted its position in JPMorgan Chase & Co. by 250.0% during the second quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 125 shares in the last quarter. NuWave Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $30,000. Provident Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $34,000. FAI Wealth Management lifted its position in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

Several equities analysts have recently commented on JPM shares. 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 research report on Wednesday. Morgan Stanley restated a “buy” rating and issued a $106.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the company a “market perform” rating in a research report on Wednesday. Seaport Global Securities started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $115.00 in a research report on Thursday, September 3rd. One equities research 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 has a consensus rating of “Buy” and a consensus target price of $111.59.

Shares of JPM stock opened at $101.51 on Friday. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $99.36 and its two-hundred day simple moving average is $96.79. The company has a market cap 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.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the prior year, the business posted $2.68 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current year.

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

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 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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