IFM Investors Pty Ltd Sells 2,615 Shares of JPMorgan Chase & Co. (NYSE:JPM)

IFM Investors Pty Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the third quarter, Holdings Channel.com reports. The firm owned 578,345 shares of the financial services provider’s stock after selling 2,615 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of IFM Investors Pty Ltd’s holdings, making the stock its 11th largest holding. IFM Investors Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $121,950,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JPM. Fiduciary Planning LLC increased its holdings in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Fiduciary Planning LLC now owns 4,693 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 57 shares in the last quarter. Commonwealth Financial Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 13.0% during the third quarter. Commonwealth Financial Services LLC now owns 15,243 shares of the financial services provider’s stock worth $3,156,000 after buying an additional 1,756 shares in the last quarter. Greystone Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Greystone Financial Group LLC now owns 59,039 shares of the financial services provider’s stock worth $12,449,000 after buying an additional 975 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in JPMorgan Chase & Co. by 24.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 31,974 shares of the financial services provider’s stock valued at $6,742,000 after buying an additional 6,337 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $794,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $222.31 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day simple moving average is $215.39 and its 200 day simple moving average is $205.45. The firm has a market cap of $638.40 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $4.33 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Analyst Ratings Changes

A number of analysts have recently commented on JPM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $217.94.

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.