JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Lountzis Asset Management LLC

Lountzis Asset Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,367 shares of the financial services provider’s stock after selling 48 shares during the period. Lountzis Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. WFA Asset Management Corp boosted its position in shares of JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $1,185,000. Hoey Investments Inc. lifted its stake in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider’s stock valued at $4,482,000 after purchasing an additional 1,247 shares during the period. Empowered Funds LLC lifted its stake in shares of JPMorgan Chase & Co. by 8.2% in the first quarter. Empowered Funds LLC now owns 91,066 shares of the financial services provider’s stock valued at $18,241,000 after purchasing an additional 6,907 shares during the period. Finally, Stonebrook Private Inc. boosted its holdings in JPMorgan Chase & Co. by 7.1% during the first quarter. Stonebrook Private Inc. now owns 32,527 shares of the financial services provider’s stock worth $6,515,000 after buying an additional 2,152 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.5 %

Shares of JPMorgan Chase & Co. stock opened at $245.39 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $150.09 and a fifty-two week high of $248.00. The firm has a market cap of $690.86 billion, a PE ratio of 13.66, a P/E/G ratio of 3.50 and a beta of 1.10. The business’s fifty day moving average is $218.84 and its two-hundred day moving average is $209.56. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business 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 is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JPM shares. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $227.13.

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.