Commonwealth Equity Services LLC Has $370.73 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Commonwealth Equity Services LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,758,155 shares of the financial services provider’s stock after selling 73,015 shares during the quarter. JPMorgan Chase & Co. comprises 0.6% of Commonwealth Equity Services LLC’s holdings, making the stock its 21st biggest position. Commonwealth Equity Services LLC’s holdings in JPMorgan Chase & Co. were worth $370,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Group LLC grew its holdings in JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the period. Fairway Wealth LLC purchased a new position in JPMorgan Chase & Co. in the second quarter worth $32,000. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $34,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $34,000. Finally, Davidson Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at approximately $37,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.4 %

Shares of NYSE JPM opened at $225.37 on Monday. The business has a 50-day moving average price of $214.03 and a 200 day moving average price of $204.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market cap of $647.19 billion, a PE ratio of 12.57, a price-to-earnings-growth 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.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $4.33 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. 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 annualized dividend and a yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Analysts Set New Price Targets

Several analysts have recently issued reports on JPM shares. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

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.