Watershed Private Wealth LLC Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Watershed Private Wealth LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,157 shares of the financial services provider’s stock after selling 100 shares during the period. Watershed Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $877,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $766,000. Occidental Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 6.2% during the 3rd quarter. Occidental Asset Management LLC now owns 23,190 shares of the financial services provider’s stock valued at $4,890,000 after acquiring an additional 1,356 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $2,487,000. Iams Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 3.5% during the 3rd quarter. Iams Wealth Management LLC now owns 11,737 shares of the financial services provider’s stock valued at $2,475,000 after acquiring an additional 395 shares during the period. Finally, Creative Planning grew its position in shares of JPMorgan Chase & Co. by 3.1% during the 3rd quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after acquiring an additional 34,746 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. 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. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday. Daiwa Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.94.

JPMorgan Chase & Co. Trading Up 0.4 %

NYSE JPM opened at $222.39 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $212.76 and its 200 day moving average price is $204.04. The company has a market capitalization of $638.63 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for 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 company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $4.33 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. 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 dividend payout ratio (DPR) is 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.