JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by MSA Advisors LLC

MSA Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,400 shares of the financial services provider’s stock after selling 500 shares during the quarter. JPMorgan Chase & Co. comprises about 1.8% of MSA Advisors LLC’s investment portfolio, making the stock its 13th biggest position. MSA Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,043,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $1,566,000. Prosperity Financial Group Inc. raised its stake in JPMorgan Chase & Co. by 6.2% during the third quarter. Prosperity Financial Group Inc. now owns 6,126 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 359 shares during the period. Bank of Hawaii boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Bank of Hawaii now owns 58,663 shares of the financial services provider’s stock valued at $12,370,000 after purchasing an additional 296 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 8.8% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 53,950 shares of the financial services provider’s stock valued at $11,376,000 after buying an additional 4,348 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 31.7% during the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock worth $3,539,132,000 after buying an additional 4,043,841 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPM opened at $249.75 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a one year low of $152.72 and a one year high of $254.31. The stock has a 50-day moving average price of $225.64 and a 200 day moving average price of $213.00. The company has a market capitalization of $703.13 billion, a P/E ratio of 13.90, a P/E/G ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average 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.