Archer Investment Corp Has $3.83 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Archer Investment Corp reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,182 shares of the financial services provider's stock after selling 2,245 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Archer Investment Corp's investment portfolio, making the stock its 18th largest holding. Archer Investment Corp's holdings in JPMorgan Chase & Co. were worth $3,834,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WFA Asset Management Corp raised its position in JPMorgan Chase & Co. by 51.2% in the 1st 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 last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $1,185,000. Hoey Investments Inc. lifted its position in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider's stock worth $4,482,000 after purchasing an additional 1,247 shares in the last quarter. Cumberland Partners Ltd acquired a new position in JPMorgan Chase & Co. during the first quarter worth $445,000. Finally, Wintrust Investments LLC grew its position in JPMorgan Chase & Co. by 0.6% in the first quarter. Wintrust Investments LLC now owns 47,661 shares of the financial services provider's stock valued at $9,547,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $3.76 during trading on Wednesday, hitting $239.33. The company had a trading volume of 3,086,395 shares, compared to its average volume of 9,073,819. The firm has a market capitalization of $673.80 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $152.57 and a one year high of $248.00. 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 stock's 50-day moving average price is $220.81 and its 200 day moving average price is $210.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. During the same period in the prior year, the company posted $4.33 EPS. The company's revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.82%.

About JPMorgan Chase & Co.

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.