Teamwork Financial Advisors LLC Sells 753 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Teamwork Financial Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,856 shares of the financial services provider’s stock after selling 753 shares during the period. JPMorgan Chase & Co. accounts for 1.9% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 23rd largest holding. Teamwork Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $13,675,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 87,605 shares of the financial services provider’s stock valued at $18,472,000 after buying an additional 429 shares in the last quarter. Buffington Mohr McNeal raised its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Buffington Mohr McNeal now owns 67,908 shares of the financial services provider’s stock valued at $14,319,000 after buying an additional 943 shares in the last quarter. Riversedge Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 9.4% in the third quarter. Riversedge Advisors LLC now owns 2,402 shares of the financial services provider’s stock valued at $507,000 after buying an additional 206 shares during the period. Good Life Advisors LLC grew its position in JPMorgan Chase & Co. by 7.5% during the third quarter. Good Life Advisors LLC now owns 19,335 shares of the financial services provider’s stock worth $4,077,000 after buying an additional 1,348 shares in the last quarter. Finally, Greater Midwest Financial Group LLC increased its stake in JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 10,464 shares of the financial services provider’s stock worth $2,206,000 after acquiring an additional 51 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of NYSE JPM opened at $225.43 on Friday. The firm has a 50 day moving average price of $214.03 and a two-hundred day moving average price of $204.50. The stock has a market cap of $647.36 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

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, beating analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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 positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

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.