Cincinnati Casualty Co. Has $9.81 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Cincinnati Casualty Co. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 50.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,500 shares of the financial services provider's stock after selling 46,500 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 5.5% of Cincinnati Casualty Co.'s investment portfolio, making the stock its 7th biggest position. Cincinnati Casualty Co.'s holdings in JPMorgan Chase & Co. were worth $9,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock worth $725,000 after purchasing an additional 45 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after buying an additional 45 shares during the period. West Wealth Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 3rd quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock worth $280,000 after buying an additional 46 shares during the period. Delta Financial Advisors LLC raised its holdings in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Delta Financial Advisors LLC now owns 15,519 shares of the financial services provider's stock worth $3,272,000 after acquiring an additional 46 shares during the period. Finally, Instrumental Wealth LLC lifted its position in JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider's stock worth $230,000 after acquiring an additional 47 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $3.80 on Friday, hitting $248.56. The stock had a trading volume of 7,994,315 shares, compared to its average volume of 9,093,902. The company has a market capitalization of $699.78 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 3.53 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $249.15. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm's 50 day moving average price is $222.25 and its 200-day moving average price is $211.36.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $1.25 dividend. The ex-dividend date was Friday, October 4th. 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 2.01%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JPM shares. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Barclays upped their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.