Kozak & Associates Inc. Has $1.71 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Kozak & Associates Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,655 shares of the financial services provider’s stock after purchasing an additional 229 shares during the period. JPMorgan Chase & Co. accounts for 0.4% of Kozak & Associates Inc.’s portfolio, making the stock its 18th largest holding. Kozak & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $1,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JPM. EWG Elevate Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $211,000. Signal Advisors Wealth LLC increased its position in JPMorgan Chase & Co. by 333.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 9,214 shares of the financial services provider’s stock worth $1,846,000 after buying an additional 7,090 shares during the period. Thomasville National Bank lifted its holdings in shares of JPMorgan Chase & Co. by 0.9% during the first quarter. Thomasville National Bank now owns 203,181 shares of the financial services provider’s stock worth $40,697,000 after buying an additional 1,716 shares during the last quarter. Czech National Bank boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the first quarter. Czech National Bank now owns 508,676 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 2,248 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of JPMorgan Chase & Co. by 5.5% in the first quarter. Wedmont Private Capital now owns 32,102 shares of the financial services provider’s stock valued at $6,329,000 after acquiring an additional 1,662 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of NYSE:JPM opened at $225.43 on Friday. The company’s fifty day moving average is $214.03 and its 200-day moving average is $204.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. The company has a market capitalization of $647.36 billion, a PE ratio of 12.57, a P/E/G ratio of 3.28 and a beta of 1.11.

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 (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $4.33 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

JPMorgan Chase & Co. 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.