First County Bank CT Sells 78 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First County Bank CT lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,504 shares of the financial services provider’s stock after selling 78 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of First County Bank CT’s holdings, making the stock its 17th largest holding. First County Bank CT’s holdings in JPMorgan Chase & Co. were worth $2,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wrenne Financial Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 15.4% in the 3rd quarter. Wrenne Financial Planning LLC now owns 1,234 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 165 shares during the last quarter. 49 Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 38.2% in the third quarter. 49 Wealth Management LLC now owns 4,598 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 1,272 shares during the last quarter. Lathrop Investment Management Corp boosted its position in JPMorgan Chase & Co. by 17.3% during the third quarter. Lathrop Investment Management Corp now owns 2,713 shares of the financial services provider’s stock valued at $572,000 after buying an additional 400 shares during the period. Activest Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 13.4% during the third quarter. Activest Wealth Management now owns 5,065 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 597 shares during the last quarter. Finally, DE Burlo Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 10.1% in the third quarter. DE Burlo Group Inc. now owns 9,623 shares of the financial services provider’s stock worth $2,029,000 after buying an additional 880 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $250.29 on Tuesday. The stock has a fifty day simple moving average of $223.99 and a two-hundred day simple moving average of $212.38. 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 company has a market cap of $704.65 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the business earned $4.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JPM shares. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $229.31.

JPMorgan Chase & Co. Company 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.