JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,945 shares of the financial services provider's stock after selling 6,996 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Verdence Capital Advisors LLC's investment portfolio, making the stock its 7th largest holding. Verdence Capital Advisors LLC's holdings in JPMorgan Chase & Co. were worth $17,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. increased its position in JPMorgan Chase & Co. by 1.3% during 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 period. Sunburst Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 0.8% during the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after acquiring an additional 45 shares during the period. West Wealth Group LLC raised its position in JPMorgan Chase & Co. by 3.6% in the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock worth $280,000 after acquiring an additional 46 shares in the last quarter. Instrumental Wealth LLC raised its position in JPMorgan Chase & Co. by 4.5% in the second 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 in the last quarter. Finally, Prossimo Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider's stock worth $1,843,000 after purchasing an additional 47 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Barclays increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Royal Bank of Canada boosted their price target 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. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Daiwa Capital Markets dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $224.31.

JPMorgan Chase & Co. Trading Up 0.3 %

JPM traded up $0.71 during trading on Thursday, hitting $241.87. The company's stock had a trading volume of 9,950,697 shares, compared to its average volume of 9,096,159. The stock has a market cap of $680.95 billion, a PE ratio of 13.47, a PEG ratio of 3.48 and a beta of 1.10. The firm's 50 day moving average price is $218.35 and its 200-day moving average price is $209.33. JPMorgan Chase & Co. has a twelve month low of $148.46 and a twelve month high of $248.00. 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. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the previous year, the company earned $4.33 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current 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 is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

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.