Applied Finance Capital Management LLC Sells 7,475 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Applied Finance Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 198,456 shares of the financial services provider's stock after selling 7,475 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Applied Finance Capital Management LLC's portfolio, making the stock its 25th biggest holding. Applied Finance Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $41,846,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $32,000. Anfield Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at $34,000. Davidson Capital Management Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $37,000. Finally, West Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at $37,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Evercore ISI lifted 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. Oppenheimer upped their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $224.31.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $2.58 during midday trading on Wednesday, reaching $242.14. 5,763,831 shares of the company traded hands, compared to its average volume of 9,069,446. JPMorgan Chase & Co. has a 12 month low of $146.52 and a 12 month high of $248.00. 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 has a 50 day moving average of $217.92 and a two-hundred day moving average of $209.11. The firm has a market capitalization of $681.71 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 3.48 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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 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%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.33 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

About JPMorgan Chase & Co.

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.