Inspire Trust Co. N.A. Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Inspire Trust Co. N.A. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,309 shares of the financial services provider’s stock after buying an additional 2,192 shares during the quarter. JPMorgan Chase & Co. makes up 1.1% of Inspire Trust Co. N.A.’s portfolio, making the stock its 24th biggest position. Inspire Trust Co. N.A.’s holdings in JPMorgan Chase & Co. were worth $4,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Old North State Trust LLC raised its position in shares of JPMorgan Chase & Co. by 3.0% in the 3rd quarter. Old North State Trust LLC now owns 4,017 shares of the financial services provider’s stock worth $847,000 after purchasing an additional 117 shares during the last quarter. Franklin Resources Inc. increased its stake in JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in JPMorgan Chase & Co. by 57.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 363,152 shares of the financial services provider’s stock worth $76,574,000 after buying an additional 132,987 shares during the last quarter. Arvest Bank Trust Division bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth approximately $26,433,000. Finally, World Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 176.7% during the third quarter. World Investment Advisors LLC now owns 190,752 shares of the financial services provider’s stock valued at $40,222,000 after buying an additional 121,819 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Trading Down 0.8 %

Shares of NYSE:JPM opened at $241.53 on Friday. The stock has a 50 day moving average of $233.51 and a 200 day moving average of $216.37. The company has a market cap of $679.99 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $159.77 and a 12-month high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.33 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

JPMorgan Chase & Co. 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, 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.