EULAV Asset Management Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

EULAV Asset Management lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,003 shares of the financial services provider's stock after selling 3,999 shares during the quarter. EULAV Asset Management's holdings in JPMorgan Chase & Co. were worth $3,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth $1,888,088,000. Swedbank AB acquired a new position in JPMorgan Chase & Co. during the first quarter worth $800,130,000. Wulff Hansen & CO. lifted its stake in shares of JPMorgan Chase & Co. by 19,920.7% in the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock valued at $566,632,000 after buying an additional 2,787,510 shares in the last quarter. Granite Bay Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 6,239.1% during the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after buying an additional 1,396,194 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after acquiring an additional 1,040,594 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Daiwa Capital Markets cut their price target 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. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. 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 data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus target price of $229.31.

JPMorgan Chase & Co. Stock Performance

JPM stock traded up $1.74 during midday trading on Monday, reaching $250.29. 10,292,121 shares of the company's stock traded hands, compared to its average volume of 9,099,171. The firm has a market capitalization of $704.65 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. The company has a 50-day moving average price of $223.99 and a two-hundred day moving average price of $212.38. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $254.31. 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. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the company posted $4.33 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. This is a positive change 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 was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is 27.82%.

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.