JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by First Personal Financial Services

First Personal Financial Services decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 36,060 shares of the financial services provider’s stock after selling 737 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of First Personal Financial Services’ holdings, making the stock its 27th largest position. First Personal Financial Services’ holdings in JPMorgan Chase & Co. were worth $7,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oxbow Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Oxbow Advisors LLC now owns 2,149 shares of the financial services provider’s stock worth $453,000 after buying an additional 70 shares in the last quarter. Objective Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $1,623,000. TCTC Holdings LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the third quarter. TCTC Holdings LLC now owns 388,530 shares of the financial services provider’s stock valued at $81,925,000 after purchasing an additional 3,315 shares during the period. Carmel Capital Partners LLC grew its stake in JPMorgan Chase & Co. by 3.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,534 shares of the financial services provider’s stock worth $745,000 after purchasing an additional 118 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in JPMorgan Chase & Co. by 17.4% during the 3rd quarter. Lindbrook Capital LLC now owns 39,950 shares of the financial services provider’s stock worth $8,424,000 after purchasing an additional 5,920 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $241.24 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $679.17 billion, a P/E ratio of 13.42, a PEG ratio of 3.48 and a beta of 1.10. The business has a 50 day simple moving average of $217.92 and a 200-day simple moving average of $209.11. JPMorgan Chase & Co. has a twelve month low of $146.52 and a twelve month high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.33 EPS. As a group, equities analysts anticipate 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 $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent research reports. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Barclays boosted 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. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Oppenheimer increased their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $224.31.

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.