Ipswich Investment Management Co. Inc. Sells 73 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ipswich Investment Management Co. Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,278 shares of the financial services provider’s stock after selling 73 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.2% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 7th largest holding. Ipswich Investment Management Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $9,547,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vawter Financial Ltd. boosted its holdings in shares of JPMorgan Chase & Co. by 9.9% in the third quarter. Vawter Financial Ltd. now owns 3,900 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 350 shares in the last quarter. Altrius Capital Management Inc boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Altrius Capital Management Inc now owns 22,396 shares of the financial services provider’s stock valued at $4,723,000 after acquiring an additional 113 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.7% in the third quarter. Empowered Funds LLC now owns 111,062 shares of the financial services provider’s stock valued at $23,419,000 after acquiring an additional 8,893 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.2% in the third quarter. Empirical Finance LLC now owns 101,277 shares of the financial services provider’s stock valued at $21,355,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 33,427 shares of the financial services provider’s stock valued at $7,048,000 after acquiring an additional 1,381 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $243.03 on Wednesday. The firm has a 50 day simple moving average of $220.81 and a 200-day simple moving average of $210.92. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $684.21 billion, a PE ratio of 13.52, a P/E/G ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $151.92 and a 1-year high of $248.00.

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 analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.33 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JPM. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $229.31.

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.