WealthPLAN Partners LLC Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

WealthPLAN Partners LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 12.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,321 shares of the financial services provider’s stock after selling 3,922 shares during the quarter. WealthPLAN Partners LLC’s holdings in JPMorgan Chase & Co. were worth $5,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $842,000. Waverton Investment Management Ltd grew its position in JPMorgan Chase & Co. by 26.4% during the third quarter. Waverton Investment Management Ltd now owns 408,819 shares of the financial services provider’s stock valued at $86,161,000 after buying an additional 85,361 shares during the period. Apollon Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 2.5% during the third quarter. Apollon Wealth Management LLC now owns 123,511 shares of the financial services provider’s stock valued at $26,044,000 after buying an additional 2,964 shares during the last quarter. Keystone Financial Services raised its position in JPMorgan Chase & Co. by 4.9% in the third quarter. Keystone Financial Services now owns 8,391 shares of the financial services provider’s stock worth $1,769,000 after acquiring an additional 393 shares during the period. Finally, Vestia Personal Wealth Advisors purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $218,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JPM. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $227.13.

JPMorgan Chase & Co. Stock Up 1.4 %

JPM opened at $245.31 on Friday. The company has a market capitalization of $690.63 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. The firm has a 50-day simple moving average of $219.50 and a two-hundred day simple moving average of $209.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 52 week low of $150.09 and a 52 week high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date was Friday, October 4th. 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 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

JPMorgan Chase & Co. Company 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.