3Chopt Investment Partners LLC Buys 69 Shares of JPMorgan Chase & Co. (NYSE:JPM)

3Chopt Investment Partners LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,366 shares of the financial services provider’s stock after acquiring an additional 69 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.1% of 3Chopt Investment Partners LLC’s investment portfolio, making the stock its 17th largest holding. 3Chopt Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Belpointe Asset Management LLC grew its position in JPMorgan Chase & Co. by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 32,291 shares of the financial services provider’s stock valued at $5,493,000 after buying an additional 709 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of JPMorgan Chase & Co. by 2.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,225,921 shares of the financial services provider’s stock worth $378,629,000 after purchasing an additional 57,344 shares in the last quarter. ROI Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $922,000. Holderness Investments Co. lifted its position in JPMorgan Chase & Co. by 35.2% during the fourth quarter. Holderness Investments Co. now owns 26,141 shares of the financial services provider’s stock valued at $4,447,000 after purchasing an additional 6,799 shares in the last quarter. Finally, Edge Capital Group LLC lifted its position in JPMorgan Chase & Co. by 30.9% during the fourth quarter. Edge Capital Group LLC now owns 63,881 shares of the financial services provider’s stock valued at $10,866,000 after purchasing an additional 15,098 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on JPM. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPM opened at $210.79 on Tuesday. The business’s 50 day simple moving average is $211.48 and its 200-day simple moving average is $202.73. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a market capitalization of $605.32 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. 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 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 analyst estimates of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.