Blackston Financial Advisory Group LLC Sells 880 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Blackston Financial Advisory Group LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,205 shares of the financial services provider’s stock after selling 880 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $887,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JPM. Thrive Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 7.6% in the 1st quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock worth $1,573,000 after buying an additional 555 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% in the first quarter. 180 Wealth Advisors LLC now owns 19,426 shares of the financial services provider’s stock valued at $3,891,000 after acquiring an additional 129 shares during the period. Tarbox Family Office Inc. boosted its position in JPMorgan Chase & Co. by 13.5% in the first quarter. Tarbox Family Office Inc. now owns 1,926 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 229 shares during the last quarter. Dohj LLC grew its stake in shares of JPMorgan Chase & Co. by 1.3% during the 1st quarter. Dohj LLC now owns 8,661 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 109 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 9,894 shares of the financial services provider’s stock worth $1,982,000 after purchasing an additional 167 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 1.2 %

JPM opened at $222.31 on Monday. The stock has a 50-day moving average of $215.39 and a 200 day moving average of $205.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.92. The firm has a market cap of $638.40 billion, a P/E 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 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $4.33 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared 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 represents a $5.00 annualized dividend 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 Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a research note 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. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average 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.