Strategic Advisors LLC Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Strategic Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,131 shares of the financial services provider’s stock after selling 880 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of Strategic Advisors LLC’s portfolio, making the stock its 13th biggest holding. Strategic Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,462,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JPM. Retirement Group LLC raised its stake in JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $32,000. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter worth $34,000. Anfield Capital Management LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at $34,000. Finally, Davidson Capital Management Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $37,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Daiwa Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.47.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $212.84 on Friday. The business’s 50-day moving average is $211.22 and its 200 day moving average is $203.39. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a market capitalization of $611.21 billion, a P/E ratio of 11.87, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the firm earned $4.37 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 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.