In its latest 13F filing, Norris Perne & French LLP MI increased its position in JPMorgan Chase & Co. by 69.6%, acquiring an additional 7,624 shares to reach a total of 18,572 shares valued at $5.86 million. Other institutional investors also modestly boosted stakes during the quarter: Peterson Wealth Advisors added 33 shares (1.6%) to hold 2,063 shares worth $635,000; TradeWell Securities added 34 shares (0.3%) for a 12,333-share position valued at $3.83 million; Sharkey Howes & Javer added 34 shares (1.9%) to reach 1,785 shares worth $563,000; JFS Wealth Advisors added 35 shares (0.4%) to hold 7,897 shares valued at $2.29 million; and Cottonwood Capital Advisors added 35 shares (0.9%) to hold 3,837 shares worth $1.11 million. Institutional investors now own 71.55% of the company’s stock.

In the third quarter, JPMorgan Chase & Co. reported earnings per share of $5.07, surpassing consensus estimates of $4.83, while revenue rose 8.8% year-over-year to $47.12 billion, ahead of analyst forecasts of $44.42 billion. The bank achieved a return on equity of 17.18% and a net profit margin of 20.90%. On the same quarter last year, EPS stood at $4.37, highlighting continued profitability growth. Sell-side analysts project full-year earnings per share of 18.1.

JPMorgan Chase & Co. declared a quarterly dividend of $1.50 per share, payable January 31 to shareholders of record January 6, representing an annualized payout of $6.00 and a yield of 1.8%. The dividend payout ratio is 29.72%. The firm carries a debt-to-equity ratio of 1.26 and both its current and quick ratios stand at 0.86. Market capitalization is $885.32 billion, with a price-to-earnings ratio of 16.11, a price/earnings-to-growth ratio of 1.60 and a beta of 1.07. The 50-day and 200-day moving averages are $312.85 and $302.51, respectively, with a 12-month trading range of $202.16 to $330.86.

Insider Robin Leopold sold 966 shares at an average price of $311.92, generating proceeds of approximately $301,315 and reducing his holdings by 1.63% to 58,479 shares (0.47% insider ownership). On the research front, fifteen analysts maintain buy ratings, nine hold and three sell. Recent price target revisions include an increase from $339 to $350 by UBS (buy), a cut from $355 to $354 by Goldman Sachs (buy), an upgrade of Deutsche Bank’s target from $300 to $320 (hold) and a reduction by Robert W. Baird from $260 (underperform). The consensus price target stands at $329.19.