Archford Capital Strategies LLC Has $2.11 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Archford Capital Strategies LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,889 shares of the financial services provider’s stock after acquiring an additional 437 shares during the period. Archford Capital Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $2,110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JPM. Turim 21 Investimentos Ltda. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $36,000. Advocacy Wealth Management Services LLC grew its holdings in JPMorgan Chase & Co. by 94.3% in the 3rd 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 last quarter. Capital Directions Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 27.7% in the 2nd 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 last quarter. Activest Wealth Management grew its holdings in JPMorgan Chase & Co. by 284.8% in the 3rd 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 last quarter. Finally, Ten Capital Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 19.2% in the 2nd 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 last quarter. 69.51% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on JPM. Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a report on Thursday, October 14th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 14th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 14th. Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, October 11th. Finally, Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a research report on Monday, October 18th. One 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $168.56.

JPMorgan Chase & Co. stock opened at $166.96 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $493.41 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $117.77 and a one year high of $172.96. The business has a 50 day simple moving average of $166.07 and a 200 day simple moving average of $160.51.

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

The firm also recently declared a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is 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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