JPMorgan Chase & Co. (NYSE:JPM) Position Cut by Rogco LP

Rogco LP lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,782 shares of the financial services provider’s stock after selling 265 shares during the period. JPMorgan Chase & Co. accounts for 0.6% of Rogco LP’s portfolio, making the stock its 29th biggest holding. Rogco LP’s holdings in JPMorgan Chase & Co. were worth $1,641,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JPM. Fiduciary Planning LLC boosted its position in shares of JPMorgan Chase & Co. by 1.2% during the third quarter. Fiduciary Planning LLC now owns 4,693 shares of the financial services provider’s stock worth $990,000 after buying an additional 57 shares during the period. Commonwealth Financial Services LLC boosted its position in JPMorgan Chase & Co. by 13.0% during the 3rd quarter. Commonwealth Financial Services LLC now owns 15,243 shares of the financial services provider’s stock worth $3,156,000 after acquiring an additional 1,756 shares during the period. Greystone Financial Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Greystone Financial Group LLC now owns 59,039 shares of the financial services provider’s stock worth $12,449,000 after purchasing an additional 975 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 24.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 31,974 shares of the financial services provider’s stock valued at $6,742,000 after purchasing an additional 6,337 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $794,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $222.31 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.92. The firm’s 50 day simple moving average is $215.39 and its 200-day simple moving average is $205.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $638.40 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Daiwa Capital Markets dropped their price objective 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. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.