Measured Wealth Private Client Group LLC Increases Stake in JPMorgan Chase & Co.

Measured Wealth Private Client Group LLC has increased its investment in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% during the third quarter, according to reports by HoldingsChannel. Following a purchase of 355 additional shares, the firm now holds a total of 6,493 shares in the renowned financial institution. As of the latest reporting period, these shares were valued at approximately $1,369,000.

Other institutional investors have also made adjustments to their stakes in JPMorgan Chase & Co. BCGM Wealth Management LLC raised its holdings by 2.8% after acquiring 516 additional shares, which brought its total to 19,061 shares, worth about $3,818,000. Accredited Investors Inc. increased its investment by 4.9% during the second quarter, adding 667 shares to reach 14,174 shares valued at $2,867,000. Similarly, Bleakley Financial Group LLC enhanced its holdings by 1.4% in the first quarter, now owning 87,063 shares worth approximately $17,439,000, after acquiring 1,173 shares previously. Sunburst Financial Group LLC improved its stake by 5.0% in the second quarter, now holding 5,651 shares valued at $1,143,000 after purchasing 268 shares. In the same quarter, Sageworth Trust Co grew its investment by 37.9%, acquiring 786 more shares to own 2,860 shares valued at $603,000. Currently, institutional investors collectively own 71.55% of the company's stock.

Current Trading Overview of JPMorgan Chase & Co.

On Monday, shares of NYSE:JPM opened at $222.94. The company reported a quick ratio of 0.91, a current ratio of 0.89, and a debt-to-equity ratio of 1.27. Over the last year, JPMorgan Chase & Co. has seen a low of $139.23 and a high of $226.75. The stock commands a market capitalization of $627.65 billion, with a price-to-earnings ratio of 12.41, a PEG ratio of 3.24, and a beta of 1.10. The 50-day moving average stands at $216.15, while the 200-day moving average is $206.90.

In its latest financial results, JPMorgan Chase & Co. reported its quarterly earnings on October 11th, showing $4.37 earnings per share (EPS), surpassing the analysts' average estimate of $4.02 by $0.35. The company had revenues of $43.32 billion for the quarter, exceeding expectations of $41.43 billion. Notably, JPMorgan Chase & Co. achieved a net profit margin of 19.64% and a return on equity of 16.71%. The revenue was up by 6.5% from the same quarter in the previous year, marking a solid performance as earnings per share from last year were $4.33. Analysts have forecasted that the company will achieve an EPS of 17.52 for the current year.

Dividend Update from JPMorgan Chase & Co.

Recently, JPMorgan Chase & Co. announced a quarterly dividend which was paid out on October 31st. Shareholders who were on record as of October 4th received a dividend of $1.25. This new dividend reflects an annualized figure of $5.00 and a yield of 2.24%. The ex-dividend date was also October 4th. This increase is a positive adjustment from their previous quarterly dividend of $1.15. The current dividend payout ratio stands at 27.82%.

Analyst Ratings Overview

Several analysts have recently shared their insights on JPMorgan Chase & Co.'s stock. Royal Bank of Canada raised their price target on the stock from $211.00 to $230.00, designating it as an “outperform” rating on October 14th. Wells Fargo & Company upped their price target from $220.00 to $225.00, categorizing the stock as “overweight” on July 15th. Keefe, Bruyette & Woods adjusted their target price from $209.00 to $211.00, assigning a “market perform” rating. StockNews.com upgraded JPMorgan from a “sell” to a “hold” rating in a report released on July 13th. BMO Capital Markets also increased their price target from $195.00 to $205.00, maintaining a “market perform” rating on July 11th. Overall, eight investment analysts have rated the stock with a hold rating, while eleven have given a buy rating, suggesting a consensus of “Moderate Buy” with an average price target set at $222.81.

Understanding JPMorgan Chase & Co.

JPMorgan Chase & Co. is a leading global financial services firm that operates through several segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment provides a wide range of services, including deposit, investment, and lending products, as well as cash management services, mortgage products, auto loans, credit cards, and more for both consumers and small businesses.

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