Ashton Thomas Private Wealth LLC Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Ashton Thomas Private Wealth LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,560 shares of the financial services provider’s stock after selling 72 shares during the period. JPMorgan Chase & Co. makes up 0.8% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 24th biggest position. Ashton Thomas Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $16,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Meridian Management Co. raised its stake in shares of JPMorgan Chase & Co. by 1.8% during the 3rd quarter. Meridian Management Co. now owns 4,531 shares of the financial services provider’s stock valued at $955,000 after buying an additional 79 shares during the last quarter. Crystal Rock Capital Management raised its position in JPMorgan Chase & Co. by 4.6% during the third quarter. Crystal Rock Capital Management now owns 28,543 shares of the financial services provider’s stock valued at $6,019,000 after acquiring an additional 1,250 shares in the last quarter. Rakuten Securities Inc. raised its position in JPMorgan Chase & Co. by 99.5% during the third quarter. Rakuten Securities Inc. now owns 726 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 362 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in JPMorgan Chase & Co. by 3.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,017,646 shares of the financial services provider’s stock valued at $1,479,741,000 after acquiring an additional 261,363 shares during the period. Finally, Apollon Financial LLC boosted its position in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Apollon Financial LLC now owns 4,906 shares of the financial services provider’s stock worth $1,035,000 after purchasing an additional 82 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.4 %

Shares of JPMorgan Chase & Co. stock opened at $245.31 on Friday. 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 stock’s 50 day simple moving average is $219.50 and its 200-day simple moving average is $209.92. The stock has a market cap of $690.63 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.50 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $150.09 and a 1-year high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the previous year, the company posted $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.04%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Finally, Barclays raised 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. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $227.13.

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.