Atria Investments Inc Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Atria Investments Inc cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,271 shares of the financial services provider's stock after selling 7,417 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of Atria Investments Inc's portfolio, making the stock its 16th biggest position. Atria Investments Inc's holdings in JPMorgan Chase & Co. were worth $56,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. BCGM Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.8% during the first quarter. BCGM Wealth Management LLC now owns 19,061 shares of the financial services provider's stock worth $3,818,000 after acquiring an additional 516 shares during the period. Accredited Investors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.9% in the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after buying an additional 667 shares during the last quarter. Bleakley Financial Group LLC grew its position in JPMorgan Chase & Co. by 1.4% during the first quarter. Bleakley Financial Group LLC now owns 87,063 shares of the financial services provider's stock valued at $17,439,000 after buying an additional 1,173 shares during the period. Sunburst Financial Group LLC increased its holdings in JPMorgan Chase & Co. by 5.0% during the second quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock worth $1,143,000 after buying an additional 268 shares during the last quarter. Finally, Sageworth Trust Co raised its position in JPMorgan Chase & Co. by 37.9% in the third quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock worth $603,000 after acquiring an additional 786 shares during the period. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on JPM shares. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Evercore ISI lifted their price target on 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, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $224.31.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE JPM opened at $241.60 on Thursday. The firm has a market capitalization of $680.19 billion, a PE ratio of 13.42, a P/E/G ratio of 3.48 and a beta of 1.10. The stock's 50 day moving average is $218.35 and its 200 day moving average 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 quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its 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. The firm had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.33 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.07%. JPMorgan Chase & Co.'s payout ratio is 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.