JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Weil Company Inc.

Weil Company Inc. cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,123 shares of the financial services provider’s stock after selling 3,043 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Weil Company Inc.’s portfolio, making the stock its 19th biggest holding. Weil Company Inc.’s holdings in JPMorgan Chase & Co. were worth $4,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delta Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Delta Financial Advisors LLC now owns 15,519 shares of the financial services provider’s stock valued at $3,272,000 after purchasing an additional 46 shares in the last quarter. GDS Wealth Management boosted its position in JPMorgan Chase & Co. by 6.5% in the 3rd quarter. GDS Wealth Management now owns 77,416 shares of the financial services provider’s stock valued at $16,324,000 after buying an additional 4,700 shares during the period. Catalytic Wealth RIA LLC increased its position in shares of JPMorgan Chase & Co. by 43.5% during the third quarter. Catalytic Wealth RIA LLC now owns 29,209 shares of the financial services provider’s stock worth $6,159,000 after acquiring an additional 8,856 shares during the period. Paragon Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 21.5% in the third quarter. Paragon Capital Management LLC now owns 1,790 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 317 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in JPMorgan Chase & Co. in the third quarter valued at $2,493,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $245.39 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12-month low of $150.09 and a 12-month high of $248.00. The firm’s fifty day moving average price is $218.84 and its 200 day moving average price is $209.56. The company has a market capitalization of $690.86 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10.

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, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.33 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.04%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Analysts Set New Price Targets

Several brokerages have weighed in on JPM. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $227.13.

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.