SignalPoint Asset Management LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,918 shares of the financial services provider’s stock, valued at approximately $469,000.

Several other institutional investors also recently made changes to their positions in JPM. Jackson Grant Investment Advisers Inc. boosted its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after buying an additional 12 shares in the last quarter. IPG Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC boosted its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after buying an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. boosted its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

JPM has been the topic of a number of recent research reports. Jefferies Group reiterated a “buy” rating and set a $102.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, September 15th. Robert W. Baird reiterated a “hold” rating and set a $88.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $102.52.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $112.67 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $112.85. The stock has a market capitalization of $390,930.00, a PE ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts predict that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio is 32.14%.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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