Pacific Wealth Strategies Group Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 111.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,846 shares of the financial services provider’s stock after acquiring an additional 2,027 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in JPMorgan Chase & Co. were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Personal Wealth Partners bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $28,000. MRA Associates USA LLC bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $30,000. Global Trust Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,027.2% in the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after buying an additional 5,068 shares during the period. Titan Capital Management LLC CA bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $35,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $56,000. Institutional investors own 71.89% of the company’s stock.

Several equities research analysts recently weighed in on the stock. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $125.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $122.37.

NYSE:JPM traded up $0.67 during mid-day trading on Wednesday, hitting $112.49. The company’s stock had a trading volume of 1,514,042 shares, compared to its average volume of 12,242,391. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $120.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $366.50 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.66 and a beta of 1.20. The stock has a fifty day moving average of $113.74 and a 200-day moving average of $111.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.29 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 9.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $3.60 annualized dividend and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.

In other news, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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