Birchcreek Wealth Management LLC Has $1.46 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Birchcreek Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,912 shares of the financial services provider’s stock after selling 164 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Birchcreek Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. WFA Asset Management Corp lifted its position in JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after buying an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $1,185,000. Hoey Investments Inc. lifted its position in JPMorgan Chase & Co. by 5.9% in the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock worth $4,482,000 after buying an additional 1,247 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $445,000. Finally, Wintrust Investments LLC lifted its position in JPMorgan Chase & Co. by 0.6% in the 1st quarter. Wintrust Investments LLC now owns 47,661 shares of the financial services provider’s stock worth $9,547,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Oppenheimer upped their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $229.31.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPM opened at $243.03 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $220.81 and a 200-day simple moving average of $210.92. JPMorgan Chase & Co. has a 52 week low of $151.92 and a 52 week high of $248.00. The firm has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS 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 company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company earned $4.33 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.