Mizuho Securities USA LLC Has $38.90 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Mizuho Securities USA LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,494 shares of the financial services provider’s stock after selling 36,919 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Mizuho Securities USA LLC’s portfolio, making the stock its 15th biggest position. Mizuho Securities USA LLC’s holdings in JPMorgan Chase & Co. were worth $38,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Henrickson Nauta Wealth Advisors Inc. boosted its position in JPMorgan Chase & Co. by 1.3% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 45 shares during the period. Sunburst Financial Group LLC boosted its holdings in JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 45 shares during the period. West Wealth Group LLC grew its stake in JPMorgan Chase & Co. by 3.6% in the 3rd quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Delta Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Delta Financial Advisors LLC now owns 15,519 shares of the financial services provider’s stock valued at $3,272,000 after buying an additional 46 shares in the last quarter. Finally, Instrumental Wealth LLC raised its holdings in JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 47 shares during the period. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on JPM shares. Daiwa Capital Markets cut their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Trading Up 0.7 %

NYSE JPM opened at $250.29 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $223.99 and its two-hundred day simple moving average is $212.38. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $254.31. The company has a market capitalization of $704.65 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 3.61 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

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.