Fortitude Family Office LLC Has $2.88 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Fortitude Family Office LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,004 shares of the financial services provider’s stock after purchasing an additional 1,615 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Fortitude Family Office LLC’s holdings, making the stock its 23rd biggest holding. Fortitude Family Office LLC’s holdings in JPMorgan Chase & Co. were worth $2,877,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $27,000. Fairway Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $32,000. West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $37,000. Finally, New England Capital Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock opened at $243.03 on Friday. The firm has a market capitalization of $684.21 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. The company’s 50 day simple moving average is $241.25 and its 200 day simple moving average is $222.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the firm posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

JPMorgan Chase & Co. Company 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.