OneDigital Investment Advisors LLC Has $29.89 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

OneDigital Investment Advisors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,738 shares of the financial services provider’s stock after selling 2,850 shares during the period. OneDigital Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $29,887,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sycomore Asset Management acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $3,497,000. Sargent Investment Group LLC increased its holdings in JPMorgan Chase & Co. by 11.0% in the 3rd quarter. Sargent Investment Group LLC now owns 23,408 shares of the financial services provider’s stock worth $4,936,000 after purchasing an additional 2,322 shares in the last quarter. Omnia Family Wealth LLC raised its position in JPMorgan Chase & Co. by 6.4% in the third quarter. Omnia Family Wealth LLC now owns 5,828 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 353 shares during the last quarter. Lifeworks Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.1% during the third quarter. Lifeworks Advisors LLC now owns 3,893 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 117 shares in the last quarter. Finally, Kapstone Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.5% during the third quarter. Kapstone Financial Advisors LLC now owns 9,768 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $245.18 on Tuesday. The business’s fifty day moving average is $220.06 and its 200 day moving average is $210.55. JPMorgan Chase & Co. has a 12-month low of $151.92 and a 12-month high of $248.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market cap of $690.27 billion, a P/E ratio of 13.64, a P/E/G ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.33 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. 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 yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average 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.