Mcdonald Capital Investors Inc. CA Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Mcdonald Capital Investors Inc. CA lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 241,505 shares of the financial services provider's stock after selling 5,167 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.1% of Mcdonald Capital Investors Inc. CA's portfolio, making the stock its 13th biggest holding. Mcdonald Capital Investors Inc. CA's holdings in JPMorgan Chase & Co. were worth $50,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Catalyst Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the third quarter worth $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $32,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $34,000. Davidson Capital Management Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $37,000. Finally, West Financial Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at about $37,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of NYSE JPM traded up $2.43 on Monday, reaching $239.41. 9,013,408 shares of the company's stock traded hands, compared to its average volume of 9,094,714. JPMorgan Chase & Co. has a 12 month low of $145.16 and a 12 month high of $248.00. The business's 50 day simple moving average is $217.24 and its two-hundred day simple moving average is $208.46. The company has a market cap of $674.02 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. 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 announced 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the firm earned $4.33 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal 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 issued a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.82%.

Analyst Ratings Changes

Several research firms have issued reports on JPM. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, July 15th. Finally, Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $224.31.

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.