Oppenheimer & Co. Inc. Sells 731 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Oppenheimer & Co. Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,551 shares of the financial services provider’s stock after selling 731 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Oppenheimer & Co. Inc.’s holdings, making the stock its 8th largest position. Oppenheimer & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $75,815,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Angeles Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Angeles Investment Advisors LLC now owns 5,399 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 58 shares during the period. Rossmore Private Capital raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Rossmore Private Capital now owns 93,284 shares of the financial services provider’s stock worth $19,670,000 after acquiring an additional 319 shares during the period. Hassell Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Hassell Wealth Management LLC now owns 4,085 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 73 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $212,000. Finally, Community Bank & Trust Waco Texas boosted its stake in JPMorgan Chase & Co. by 4.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 49,683 shares of the financial services provider’s stock worth $10,476,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JPM shares. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. 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. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $227.13.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $245.31 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average price is $219.50 and its two-hundred day moving average price is $210.17. The company has a market cap of $690.63 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $150.09 and a twelve month high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the firm earned $4.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

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.