JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 59.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,260 shares of the financial services provider's stock after selling 16,789 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.7% of Cornercap Investment Counsel Inc.'s holdings, making the stock its 6th largest position. Cornercap Investment Counsel Inc.'s holdings in JPMorgan Chase & Co. were worth $2,374,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $27,000. Fairway Wealth LLC acquired 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. Finally, West Financial Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $37,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $3.11 during mid-day trading on Wednesday, reaching $239.98. The company had a trading volume of 2,682,505 shares, compared to its average volume of 9,072,024. The company has a 50-day moving average price of $220.81 and a two-hundred day moving average price of $210.92. The stock has a market cap of $675.63 billion, a PE ratio of 13.36, a P/E/G ratio of 3.56 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1-year low of $152.57 and a 1-year high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for 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%. JPMorgan Chase & Co.'s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $4.33 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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 an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Daiwa Capital Markets cut their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average 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.