Fifth Third Wealth Advisors LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Fifth Third Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,908 shares of the financial services provider’s stock after purchasing an additional 7,620 shares during the quarter. JPMorgan Chase & Co. accounts for 1.3% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 12th biggest holding. Fifth Third Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $23,470,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at $27,000. Fairway Wealth LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $32,000. West Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. in the third quarter worth about $37,000. Finally, New England Capital Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Citigroup raised their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM stock opened at $252.22 on Thursday. The firm has a market cap of $710.09 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The firm has a fifty day moving average price of $242.60 and a 200 day moving average price of $223.51. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the firm posted $3.04 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 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.