Kure Advisory LLC Makes New $204,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Kure Advisory LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 968 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Keyes Stange & Wooten Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $1,394,000. Symmetry Investments LP grew its holdings in shares of JPMorgan Chase & Co. by 112.4% in the fourth quarter. Symmetry Investments LP now owns 48,366 shares of the financial services provider’s stock valued at $8,227,000 after purchasing an additional 25,594 shares during the period. Mmbg Investment Advisors CO. increased its position in JPMorgan Chase & Co. by 4.4% during the fourth quarter. Mmbg Investment Advisors CO. now owns 170,120 shares of the financial services provider’s stock worth $28,937,000 after purchasing an additional 7,235 shares during the last quarter. MGO One Seven LLC raised its stake in JPMorgan Chase & Co. by 7.5% during the fourth quarter. MGO One Seven LLC now owns 87,139 shares of the financial services provider’s stock worth $14,822,000 after purchasing an additional 6,059 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $1,936,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.2 %

NYSE:JPM opened at $210.90 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48. The firm has a market cap of $605.63 billion, a PE ratio of 11.76, 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 stock has a fifty day moving average price of $211.30 and a 200 day moving average price of $203.14.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the business posted $4.37 EPS. Sell-side analysts anticipate 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 disclosed 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. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.