Fortem Financial Group LLC Sells 2,787 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fortem Financial Group LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,841 shares of the financial services provider's stock after selling 2,787 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Fortem Financial Group LLC's holdings, making the stock its 27th largest position. Fortem Financial Group LLC's holdings in JPMorgan Chase & Co. were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Financial Avengers Inc. increased its stake in shares of JPMorgan Chase & Co. by 5.2% in the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock valued at $183,000 after acquiring an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC grew its holdings in JPMorgan Chase & Co. by 0.4% during the third quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider's stock valued at $2,568,000 after purchasing an additional 44 shares during the period. Henrickson Nauta Wealth Advisors Inc. increased its stake in JPMorgan Chase & Co. by 1.3% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock valued at $725,000 after purchasing an additional 45 shares in the last quarter. Sunburst Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 0.8% in the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 45 shares during the period. Finally, West Wealth Group LLC boosted its position in shares of JPMorgan Chase & Co. by 3.6% during the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock worth $280,000 after purchasing an additional 46 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Evercore ISI raised their price target 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. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a "market perform" rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average price target of $234.81.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $0.67 during trading hours on Wednesday, hitting $243.53. The company had a trading volume of 7,781,384 shares, compared to its average volume of 8,998,976. The firm has a 50-day moving average of $232.06 and a 200 day moving average of $216.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $685.62 billion, a PE ratio of 13.55, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $158.88 and a one year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $41.43 billion. During the same period last year, the firm posted $4.33 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

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.