Miramar Capital LLC Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Miramar Capital LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,074 shares of the financial services provider’s stock after selling 463 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.6% of Miramar Capital LLC’s holdings, making the stock its 23rd biggest position. Miramar Capital LLC’s holdings in JPMorgan Chase & Co. were worth $10,980,000 at the end of the most recent quarter.

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

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE:JPM opened at $243.03 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $151.92 and a 1 year high of $248.00. The business has a 50 day simple moving average of $220.81 and a two-hundred day simple moving average of $210.92. The firm has a market capitalization of $684.21 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the firm posted $4.33 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Ratings Changes

JPM has been the topic of several research reports. Barclays lifted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Oppenheimer lifted their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $229.31.

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.