Private Advisor Group LLC Sells 86 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Private Advisor Group LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.0% during the third quarter, Holdings Channel.com reports. The firm owned 332,742 shares of the financial services provider’s stock after selling 86 shares during the period. Private Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $70,452,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Tempus Wealth Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 10.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 10,529 shares of the financial services provider’s stock worth $2,220,000 after purchasing an additional 999 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 4.3% in the third quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the financial services provider’s stock valued at $2,406,000 after buying an additional 474 shares in the last quarter. Alexander Labrunerie & CO. Inc. increased its position in shares of JPMorgan Chase & Co. by 0.9% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 34,038 shares of the financial services provider’s stock worth $7,177,000 after acquiring an additional 305 shares in the last quarter. Pictet North America Advisors SA raised its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Pictet North America Advisors SA now owns 81,007 shares of the financial services provider’s stock worth $17,081,000 after acquiring an additional 882 shares during the last quarter. Finally, Symphony Financial Ltd. Co. lifted its position in JPMorgan Chase & Co. by 6.4% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 21,091 shares of the financial services provider’s stock valued at $4,427,000 after acquiring an additional 1,262 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

JPMorgan Chase & Co. Stock Up 0.7 %

JPMorgan Chase & Co. stock opened at $224.98 on Friday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.92. The firm has a 50 day simple moving average of $214.96 and a 200 day simple moving average of $205.09. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $646.07 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current 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 given a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

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.