JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Mainsail Financial Group LLC

Mainsail Financial Group LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,415 shares of the financial services provider’s stock after selling 498 shares during the quarter. Mainsail Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $942,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Dupree Financial Group LLC increased its holdings in JPMorgan Chase & Co. by 10.6% during the 3rd quarter. Dupree Financial Group LLC now owns 2,403 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 230 shares in the last quarter. Narwhal Capital Management grew its position in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. Narwhal Capital Management now owns 133,618 shares of the financial services provider’s stock valued at $28,175,000 after purchasing an additional 3,240 shares during the last quarter. BLB&B Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 2.8% during the 3rd quarter. BLB&B Advisors LLC now owns 130,783 shares of the financial services provider’s stock worth $27,577,000 after purchasing an additional 3,534 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in shares of JPMorgan Chase & Co. by 10.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 10,529 shares of the financial services provider’s stock worth $2,220,000 after purchasing an additional 999 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its position in shares of JPMorgan Chase & Co. by 4.3% during the 3rd quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 474 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.7 %

Shares of NYSE JPM opened at $224.98 on Friday. The stock has a market capitalization of $646.07 billion, a PE ratio of 12.55, a P/E/G ratio of 3.28 and a beta of 1.11. 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 firm has a fifty day moving average of $214.96 and a 200-day moving average of $205.09. 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 announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the company earned $4.33 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate 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 paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Citigroup increased their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Daiwa Capital Markets decreased their price target on shares of 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. Finally, Barclays lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.