MPS Loria Financial Planners LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

MPS Loria Financial Planners LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,252 shares of the financial services provider’s stock after selling 397 shares during the period. MPS Loria Financial Planners LLC’s holdings in JPMorgan Chase & Co. were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 19.1% during the third quarter. Foundations Investment Advisors LLC now owns 113,338 shares of the financial services provider’s stock valued at $23,899,000 after acquiring an additional 18,182 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. Roof Eidam Maycock Peralta LLC now owns 15,854 shares of the financial services provider’s stock valued at $3,343,000 after acquiring an additional 105 shares in the last quarter. Integrity Financial Corp WA increased its holdings in shares of JPMorgan Chase & Co. by 3.4% during the third quarter. Integrity Financial Corp WA now owns 3,256 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 108 shares in the last quarter. Waterway Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 15.4% during the third quarter. Waterway Wealth Management LLC now owns 4,566 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 611 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 80.5% during the third quarter. Copeland Capital Management LLC now owns 79,481 shares of the financial services provider’s stock valued at $16,759,000 after acquiring an additional 35,439 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods increased 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 report on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.94.

JPMorgan Chase & Co. Stock Down 0.3 %

JPM stock opened at $223.42 on Thursday. The company’s 50 day moving average price is $214.96 and its 200 day moving average price is $205.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.92. The firm has a market capitalization of $641.59 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.33 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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 $1.25 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

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, 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.