Harwood Advisory Group LLC Purchases 821 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Harwood Advisory Group LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,196 shares of the financial services provider’s stock after buying an additional 821 shares during the quarter. Harwood Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Douglas Lane & Associates LLC raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Douglas Lane & Associates LLC now owns 874,659 shares of the financial services provider’s stock valued at $102,939,000 after purchasing an additional 4,552 shares during the period. Wells Trecaso Financial Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Wells Trecaso Financial Group LLC now owns 60,095 shares of the financial services provider’s stock valued at $7,073,000 after purchasing an additional 313 shares during the period. Karpus Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 10.8% during the 3rd quarter. Karpus Management Inc. now owns 2,336 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 227 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 343,895 shares of the financial services provider’s stock valued at $40,473,000 after purchasing an additional 23,066 shares during the period. Finally, DNB Asset Management AS raised its stake in shares of JPMorgan Chase & Co. by 5.3% during the 3rd quarter. DNB Asset Management AS now owns 481,000 shares of the financial services provider’s stock valued at $56,609,000 after purchasing an additional 24,299 shares during the period. Hedge funds and other institutional investors own 71.94% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 18,200 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the transaction, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by insiders.

JPMorgan Chase & Co. stock opened at $120.48 on Thursday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $121.59. The business has a 50-day simple moving average of $115.24 and a 200 day simple moving average of $111.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market cap of $372.35 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.68 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.99%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. JPMorgan Chase & Co.’s payout ratio is presently 40.00%.

A number of research firms recently issued reports on JPM. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Robert W. Baird boosted their price objective on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research note on Monday, September 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $121.94.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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