JPMorgan Chase & Co. (NYSE:JPM) is Thrivent Financial for Lutherans' 10th Largest Position

Thrivent Financial for Lutherans reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,646,181 shares of the financial services provider's stock after selling 46,351 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.7% of Thrivent Financial for Lutherans' investment portfolio, making the stock its 10th biggest position. Thrivent Financial for Lutherans owned approximately 0.06% of JPMorgan Chase & Co. worth $347,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp lifted its holdings in JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock valued at $244,000 after buying an additional 412 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $1,185,000. Brogan Financial Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $226,000. Secured Retirement Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 2.5% during the 1st quarter. Secured Retirement Advisors LLC now owns 9,294 shares of the financial services provider's stock worth $1,862,000 after buying an additional 231 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 122,381 shares of the financial services provider's stock valued at $24,513,000 after acquiring an additional 4,006 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $3.80 during trading on Friday, reaching $248.56. The company's stock had a trading volume of 7,994,315 shares, compared to its average volume of 9,093,902. JPMorgan Chase & Co. has a 12 month low of $152.71 and a 12 month high of $249.15. The firm has a market cap 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. The firm has a 50 day moving average of $222.25 and a 200-day moving average of $211.36. 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 posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.33 earnings per share. Research analysts expect 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. Investors of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is 27.82%.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Evercore ISI upped their target price 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 cut their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Finally, Barclays boosted their price target 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.