VeraBank N.A. Sells 273 Shares of JPMorgan Chase & Co. (NYSE:JPM)

VeraBank N.A. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,071 shares of the financial services provider’s stock after selling 273 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.3% of VeraBank N.A.’s investment portfolio, making the stock its 18th largest position. VeraBank N.A.’s holdings in JPMorgan Chase & Co. were worth $4,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $32,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $34,000. West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPMorgan Chase & Co. stock opened at $241.93 on Friday. The firm’s 50 day simple moving average is $218.35 and its two-hundred day simple moving average is $209.33. 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 firm has a market capitalization of $681.12 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.48 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $148.46 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.33 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This is a boost 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 dividend on an annualized basis and a yield of 2.07%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Daiwa Capital Markets dropped their price objective 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target 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.