BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 503,458 shares of the financial services provider's stock after selling 59,440 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in JPMorgan Chase & Co. were worth $106,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp lifted its stake in shares of JPMorgan Chase & Co. by 51.2% during 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 in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $1,185,000. Elkhorn Partners Limited Partnership bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $601,000. 1832 Asset Management L.P. grew its position in shares of JPMorgan Chase & Co. by 5.5% in the first quarter. 1832 Asset Management L.P. now owns 3,523,898 shares of the financial services provider's stock valued at $705,837,000 after purchasing an additional 185,290 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $2,012,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on JPM shares. Evercore ISI raised their target price 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. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Royal Bank of Canada increased their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $229.31.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $1.74 on Monday, reaching $250.29. 10,292,121 shares of the company's stock traded hands, compared to its average volume of 9,099,171. The stock has a market cap of $704.65 billion, a PE ratio of 13.93, a P/E/G ratio of 3.61 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $152.71 and a 12 month high of $254.31. The stock has a 50-day simple moving average of $223.99 and a 200 day simple moving average of $212.38. 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 released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.33 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is currently 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.