waypoint wealth counsel Acquires 350 Shares of JPMorgan Chase & Co. (NYSE:JPM)

waypoint wealth counsel boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,151 shares of the financial services provider’s stock after buying an additional 350 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of waypoint wealth counsel’s investment portfolio, making the stock its 23rd largest position. waypoint wealth counsel’s holdings in JPMorgan Chase & Co. were worth $1,508,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Quarterback LLC grew its holdings in shares of JPMorgan Chase & Co. by 48.2% during the 4th quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 1,009 shares in the last quarter. Waterloo Capital L.P. increased its holdings in JPMorgan Chase & Co. by 52.9% in the 4th quarter. Waterloo Capital L.P. now owns 16,800 shares of the financial services provider’s stock valued at $2,858,000 after buying an additional 5,815 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 958,096 shares of the financial services provider’s stock valued at $162,972,000 after buying an additional 24,293 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $40,000. Finally, Veritas Investment Partners UK Ltd. boosted its position in shares of JPMorgan Chase & Co. by 390.0% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,862 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 1,482 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 3.5 %

Shares of JPM traded up $7.20 on Friday, reaching $211.22. 10,213,415 shares of the company’s stock were exchanged, compared to its average volume of 9,148,031. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The stock has a market capitalization of $606.55 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average price of $211.30 and a two-hundred day moving average price of $203.09.

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

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.13.

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, 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.