JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 50.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,804 shares of the financial services provider’s stock after selling 17,892 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 17th largest holding. Dumont & Blake Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,754,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HWG Holdings LP boosted its stake in JPMorgan Chase & Co. by 38.9% during the third quarter. HWG Holdings LP now owns 26,116 shares of the financial services provider’s stock worth $5,507,000 after buying an additional 7,310 shares during the last quarter. Canal Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Canal Capital Management LLC now owns 45,924 shares of the financial services provider’s stock valued at $9,683,000 after acquiring an additional 1,531 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.6% in the third quarter. Ballentine Partners LLC now owns 86,853 shares of the financial services provider’s stock valued at $18,314,000 after purchasing an additional 5,368 shares during the period. Silver Oak Securities Incorporated increased its position in JPMorgan Chase & Co. by 34.4% during the third quarter. Silver Oak Securities Incorporated now owns 7,694 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in JPMorgan Chase & Co. by 0.3% during the third quarter. Moody Lynn & Lieberson LLC now owns 193,872 shares of the financial services provider’s stock worth $40,880,000 after purchasing an additional 548 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Trading Down 1.2 %

NYSE:JPM opened at $222.31 on Monday. The company has a market capitalization of $638.40 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.92. The stock’s 50 day moving average price is $215.39 and its 200 day moving average price is $205.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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 net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the firm posted $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. 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 yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is currently 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.