Schrum Private Wealth Management LLC Sells 653 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Schrum Private Wealth Management LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,880 shares of the financial services provider’s stock after selling 653 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Schrum Private Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,294,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JPM. Parthenon LLC grew its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Parthenon LLC now owns 44,573 shares of the financial services provider’s stock valued at $9,399,000 after acquiring an additional 234 shares during the period. Angeles Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Angeles Investment Advisors LLC now owns 5,399 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 58 shares during the period. Rossmore Private Capital increased its stake in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Rossmore Private Capital now owns 93,284 shares of the financial services provider’s stock worth $19,670,000 after buying an additional 319 shares in the last quarter. Hassell Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.8% in the third quarter. Hassell Wealth Management LLC now owns 4,085 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 73 shares in the last quarter. Finally, Chase Investment Counsel Corp bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $212,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on JPM. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Barclays raised their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Daiwa Capital Markets cut their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Two 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 stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $227.13.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $245.31 on Monday. JPMorgan Chase & Co. has a 12-month low of $150.09 and a 12-month high of $248.00. 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 50-day moving average price of $219.50 and a 200-day moving average price of $210.17. The firm has a market capitalization of $690.63 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the company posted $4.33 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

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.