Linscomb Wealth Inc. Reduces Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Linscomb Wealth Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,913 shares of the financial services provider's stock after selling 2,306 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.1% of Linscomb Wealth Inc.'s investment portfolio, making the stock its 14th largest position. Linscomb Wealth Inc.'s holdings in JPMorgan Chase & Co. were worth $22,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Altrius Capital Management Inc grew its position in JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Altrius Capital Management Inc now owns 22,396 shares of the financial services provider's stock worth $4,723,000 after acquiring an additional 113 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of JPMorgan Chase & Co. by 8.7% during the third quarter. Empowered Funds LLC now owns 111,062 shares of the financial services provider's stock worth $23,419,000 after purchasing an additional 8,893 shares during the last quarter. Empirical Finance LLC increased its stake in shares of JPMorgan Chase & Co. by 2.2% in the third quarter. Empirical Finance LLC now owns 101,277 shares of the financial services provider's stock valued at $21,355,000 after buying an additional 2,154 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 33,427 shares of the financial services provider's stock valued at $7,048,000 after buying an additional 1,381 shares during the period. Finally, Black Diamond Financial LLC boosted its position in JPMorgan Chase & Co. by 21.7% during the 3rd quarter. Black Diamond Financial LLC now owns 7,570 shares of the financial services provider's stock worth $1,596,000 after buying an additional 1,349 shares during the period. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on JPM shares. Daiwa Capital Markets decreased their price target on shares of 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. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada increased their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $229.31.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded down $3.76 during trading hours on Wednesday, reaching $239.33. 3,086,395 shares of the company were exchanged, compared to its average volume of 9,073,819. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $673.80 billion, a P/E ratio of 13.36, a P/E/G ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $152.57 and a 1 year high of $248.00. The business's 50 day simple moving average is $220.81 and its 200-day simple moving average is $210.92.

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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. JPMorgan Chase & Co.'s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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