Sunbelt Securities Inc. Sells 1,066 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sunbelt Securities Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,755 shares of the financial services provider’s stock after selling 1,066 shares during the quarter. Sunbelt Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $5,852,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JPM. Neo Ivy Capital Management bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $3,678,000. Financial Avengers Inc. raised its position in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 43 shares during the period. Unconventional Investor LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $210,000. Coldstream Capital Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 9.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 90,411 shares of the financial services provider’s stock worth $19,234,000 after purchasing an additional 8,173 shares during the period. Finally, RB Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. RB Capital Management LLC now owns 25,669 shares of the financial services provider’s stock valued at $5,413,000 after purchasing an additional 292 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $242.99 on Wednesday. The firm has a market capitalization of $684.10 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. 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 business’s 50-day moving average is $231.34 and its two-hundred day moving average is $215.71. JPMorgan Chase & Co. has a 1 year low of $158.15 and a 1 year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.33 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $234.81.

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.