Peddock Capital Advisors LLC Purchases 168 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Peddock Capital Advisors LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,708 shares of the financial services provider’s stock after buying an additional 168 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of Peddock Capital Advisors LLC’s holdings, making the stock its 12th biggest position. Peddock Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tilia Fiduciary Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Tilia Fiduciary Partners Inc. now owns 7,976 shares of the financial services provider’s stock valued at $1,682,000 after buying an additional 88 shares in the last quarter. Eagle Wealth Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Eagle Wealth Strategies LLC now owns 9,032 shares of the financial services provider’s stock worth $1,904,000 after purchasing an additional 55 shares during the period. Barlow Wealth Partners Inc. increased its position in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Barlow Wealth Partners Inc. now owns 79,230 shares of the financial services provider’s stock worth $16,712,000 after purchasing an additional 383 shares during the period. Connective Portfolio Management LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% in the third quarter. Connective Portfolio Management LLC now owns 10,080 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 1,000 shares during the period. Finally, Perkins Coie Trust Co increased its position in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Perkins Coie Trust Co now owns 22,652 shares of the financial services provider’s stock worth $4,776,000 after purchasing an additional 222 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.8 %

Shares of NYSE:JPM traded up $1.63 during trading on Wednesday, reaching $212.38. 1,282,254 shares of the stock were exchanged, compared to its average volume of 9,079,218. 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. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock has a fifty day moving average of $211.21 and a two-hundred day moving average of $203.32. The firm has a market cap of $609.88 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the firm earned $4.37 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup raised their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Barclays lifted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Finally, StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently 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.