JPMorgan Chase & Co. (NYSE:JPM) is Central Valley Advisors LLC’s 7th Largest Position

Central Valley Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 23,102 shares of the financial services provider’s stock after buying an additional 151 shares during the period. JPMorgan Chase & Co. comprises about 2.7% of Central Valley Advisors LLC’s portfolio, making the stock its 7th largest holding. Central Valley Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,871,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JPM. Retirement Group LLC increased its stake in shares of JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Fairway Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $32,000. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $34,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $34,000. Finally, Davidson Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Trading Up 3.5 %

JPM traded up $7.20 during trading hours on Friday, reaching $211.22. The company’s stock had a trading volume of 10,213,415 shares, compared to its average volume of 9,148,031. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The stock has a market cap of $606.55 billion, a PE ratio of 11.78, a P/E/G ratio of 2.39 and a beta of 1.11. The business’s 50-day moving average is $211.30 and its 200-day moving average is $203.03. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the previous year, the company earned $4.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

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.