Appleton Partners Inc. MA Grows Stake in JPMorgan Chase & Co. (NYSE:JPM)

Appleton Partners Inc. MA increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,570 shares of the financial services provider’s stock after acquiring an additional 5,836 shares during the period. JPMorgan Chase & Co. comprises approximately 2.3% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 9th largest holding. Appleton Partners Inc. MA’s holdings in JPMorgan Chase & Co. were worth $27,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. bought a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $36,000. Advocacy Wealth Management Services LLC raised its stake in JPMorgan Chase & Co. by 94.3% in the third quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider’s stock valued at $51,000 after buying an additional 150 shares during the period. Capital Directions Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 27.7% in the second quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock valued at $61,000 after buying an additional 85 shares during the period. Activest Wealth Management raised its stake in JPMorgan Chase & Co. by 284.8% in the third quarter. Activest Wealth Management now owns 431 shares of the financial services provider’s stock valued at $71,000 after buying an additional 319 shares during the period. Finally, Ten Capital Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 19.2% in the second quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock valued at $72,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 69.51% of the company’s stock.

Several analysts have issued reports on the company. Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a research note on Monday, October 18th. The Goldman Sachs Group set a $198.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, October 13th. Barclays upped their target price on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the company an “overweight” rating in a research report on Friday, October 15th. Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a research report on Thursday, October 14th. Finally, Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $168.56.

Shares of JPM stock traded down $1.32 during trading hours on Thursday, reaching $166.96. The company’s stock had a trading volume of 9,629,790 shares, compared to its average volume of 13,020,531. The firm’s 50 day simple moving average is $166.07 and its 200-day simple moving average is $160.51. The company has a market capitalization of $493.41 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.15 and a beta of 1.16. JPMorgan Chase & Co. has a fifty-two week low of $117.77 and a fifty-two week high of $172.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.74. The firm had revenue of $29.60 billion for the quarter, compared to the consensus estimate of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.92 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 14.95 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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