Impax Asset Management Group plc Has $65.60 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Impax Asset Management Group plc cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 311,084 shares of the financial services provider's stock after selling 27,267 shares during the quarter. Impax Asset Management Group plc's holdings in JPMorgan Chase & Co. were worth $65,595,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of JPM. Capital International Investors grew its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider's stock worth $8,471,687,000 after acquiring an additional 778,297 shares during the last quarter. Capital World Investors grew its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider's stock worth $6,894,729,000 after acquiring an additional 150,812 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JPMorgan Chase & Co. by 4.8% in the 2nd 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 during the last quarter. Capital Research Global Investors grew its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock worth $3,445,185,000 after acquiring an additional 3,252,451 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth $1,888,088,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE:JPM traded down $2.00 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 twelve month low of $151.92 and a twelve month high of $248.00. The stock has a 50-day moving average price of $220.81 and a 200 day moving average price of $210.92. The stock has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.56 and a beta of 1.10. 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 posted 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business 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 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect 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. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.06%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. 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

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Daiwa Capital Markets decreased their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price 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.