Weaver Capital Management LLC Has $3.15 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Weaver Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,924 shares of the financial services provider’s stock after selling 344 shares during the period. JPMorgan Chase & Co. makes up 0.9% of Weaver Capital Management LLC’s portfolio, making the stock its 26th largest position. Weaver Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,147,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. GAM Holding AG lifted its position in JPMorgan Chase & Co. by 12.4% in the 3rd quarter. GAM Holding AG now owns 82,965 shares of the financial services provider’s stock valued at $17,494,000 after acquiring an additional 9,151 shares in the last quarter. Community Trust & Investment Co. lifted its position in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Community Trust & Investment Co. now owns 171,854 shares of the financial services provider’s stock valued at $36,237,000 after acquiring an additional 3,847 shares in the last quarter. Dupree Financial Group LLC lifted its position in JPMorgan Chase & Co. by 10.6% in 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 lifted its position in JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Narwhal Capital Management now owns 133,618 shares of the financial services provider’s stock valued at $28,175,000 after acquiring an additional 3,240 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.8% in the 3rd quarter. BLB&B Advisors LLC now owns 130,783 shares of the financial services provider’s stock valued at $27,577,000 after acquiring an additional 3,534 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on JPM shares. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPM opened at $222.28 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.92. The firm has a market cap of $638.31 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The firm’s 50-day simple moving average is $215.23 and its 200 day simple moving average is $205.23. 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 announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating 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 business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business 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. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.

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.