JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lowered by Financial Council LLC

Financial Council LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,609 shares of the financial services provider’s stock after selling 289 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.6% of Financial Council LLC’s investment portfolio, making the stock its 27th largest position. Financial Council LLC’s holdings in JPMorgan Chase & Co. were worth $1,183,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth about $1,185,000. Ascent Group LLC lifted its stake in JPMorgan Chase & Co. by 2.4% during the first quarter. Ascent Group LLC now owns 48,564 shares of the financial services provider’s stock valued at $9,727,000 after buying an additional 1,132 shares in the last quarter. Lavaca Capital LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $202,000. Finally, Zurich Insurance Group Ltd FI boosted its holdings in shares of JPMorgan Chase & Co. by 90.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 1,103,098 shares of the financial services provider’s stock worth $220,951,000 after buying an additional 525,383 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.7 %

JPMorgan Chase & Co. stock opened at $250.29 on Tuesday. JPMorgan Chase & Co. has a one year low of $152.71 and a one year high of $254.31. The company’s fifty day moving average price is $223.99 and its two-hundred day moving average price is $212.38. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $704.65 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 3.61 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JPM shares. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $229.31.

JPMorgan Chase & Co. Company 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.