JPMorgan Chase & Co. (NYSE:JPM) is Whittier Trust Co.’s 9th Largest Position

Whittier Trust Co. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 607,673 shares of the financial services provider’s stock after selling 29,338 shares during the period. JPMorgan Chase & Co. comprises approximately 1.7% of Whittier Trust Co.’s portfolio, making the stock its 9th largest position. Whittier Trust Co.’s holdings in JPMorgan Chase & Co. were worth $128,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stewardship Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at about $352,000. Carolina Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 36.0% during the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 50 shares during the last quarter. Genesee Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at about $292,000. Berry Wealth Group LP raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. Berry Wealth Group LP now owns 29,453 shares of the financial services provider’s stock valued at $6,210,000 after acquiring an additional 216 shares during the last quarter. Finally, Sharkey Howes & Javer bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at about $413,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.3 %

NYSE:JPM opened at $223.42 on Thursday. The company’s 50 day moving average price is $214.96 and its 200-day moving average price is $205.09. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. 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 $641.59 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.28 and a beta of 1.11.

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, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the company posted $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts forecast 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. Investors 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 annualized dividend and a yield of 2.24%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Royal Bank of Canada increased their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Company 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.