Element Wealth LLC Sells 361 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Element Wealth LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,764 shares of the financial services provider’s stock after selling 361 shares during the period. Element Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 7.6% during the 1st quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock worth $1,573,000 after acquiring an additional 555 shares during the period. 180 Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.7% during the first quarter. 180 Wealth Advisors LLC now owns 19,426 shares of the financial services provider’s stock worth $3,891,000 after purchasing an additional 129 shares during the period. Tarbox Family Office Inc. boosted its position in JPMorgan Chase & Co. by 13.5% during 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 period. Dohj LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.3% in the first 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 last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 9,894 shares of the financial services provider’s stock worth $1,982,000 after buying an additional 167 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Barclays upped their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Stock Down 1.2 %

NYSE JPM opened at $222.31 on Monday. The business has a fifty day moving average price of $215.39 and a two-hundred day moving average price of $205.52. The stock has a market capitalization of $638.40 billion, a PE ratio of 12.40, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results 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. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.33 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

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.