JPMorgan Chase & Co. (NYSE:JPM) Position Lowered by Huntington National Bank

Huntington National Bank reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,784,005 shares of the financial services provider's stock after selling 13,216 shares during the period. JPMorgan Chase & Co. comprises approximately 2.7% of Huntington National Bank's portfolio, making the stock its 4th biggest holding. Huntington National Bank owned about 0.06% of JPMorgan Chase & Co. worth $376,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $1,888,088,000. Swedbank AB bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $800,130,000. Capital Research Global Investors raised its stake in shares of JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after acquiring an additional 3,252,451 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of JPMorgan Chase & Co. by 19,920.7% during the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after purchasing an additional 2,787,510 shares during the period. Finally, Granite Bay Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 6,239.1% in the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock worth $277,456,000 after purchasing an additional 1,396,194 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE JPM traded down $2.00 during trading on Tuesday, reaching $243.03. The company had a trading volume of 6,791,404 shares, compared to its average volume of 9,100,539. JPMorgan Chase & Co. has a 12-month low of $151.92 and a 12-month high of $248.00. The stock has a market cap of $684.21 billion, a PE ratio of 13.53, a P/E/G ratio of 3.56 and a beta of 1.10. The business's 50-day moving average is $220.06 and its 200 day moving average is $210.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. 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 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Analyst Ratings Changes

Several research firms have weighed in on JPM. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $229.31.

JPMorgan Chase & Co. 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.