First Horizon Advisors Inc. Has $50.45 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First Horizon Advisors Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 239,266 shares of the financial services provider's stock after selling 3,501 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.4% of First Horizon Advisors Inc.'s holdings, making the stock its 8th biggest holding. First Horizon Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $50,452,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JPM. Accredited Investors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 4.9% during the second quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after purchasing an additional 667 shares during the period. Sunburst Financial Group LLC grew its position in shares of JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock valued at $1,143,000 after buying an additional 268 shares during the last quarter. Sageworth Trust Co raised its stake in JPMorgan Chase & Co. by 37.9% during the third quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock worth $603,000 after acquiring an additional 786 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in JPMorgan Chase & Co. by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider's stock worth $143,594,000 after acquiring an additional 95,461 shares during the last quarter. Finally, Czech National Bank boosted its stake in JPMorgan Chase & Co. by 7.6% in the second quarter. Czech National Bank now owns 547,224 shares of the financial services provider's stock valued at $110,682,000 after acquiring an additional 38,548 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.5 %

JPMorgan Chase & Co. stock traded up $3.79 during midday trading on Friday, reaching $248.55. The stock had a trading volume of 7,997,307 shares, compared to its average volume of 9,405,694. The firm's fifty day simple moving average is $223.14 and its two-hundred day simple moving average is $212.01. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $249.15. The firm has a market cap of $699.75 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 16.71% and a net margin of 19.64%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $4.33 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Daiwa Capital Markets dropped their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Morgan Stanley cut 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 report on Monday, September 30th. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.