Mutual of America Capital Management LLC Has $79.25 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mutual of America Capital Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375,858 shares of the financial services provider's stock after selling 16,658 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Mutual of America Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $79,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of JPM. WFA Asset Management Corp lifted its holdings in JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock worth $244,000 after purchasing an additional 412 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at approximately $1,185,000. Spirepoint Private Client LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at approximately $2,661,000. Alera Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 2.0% in the 1st quarter. Alera Investment Advisors LLC now owns 8,119 shares of the financial services provider's stock worth $1,626,000 after buying an additional 156 shares during the period. Finally, TIAA Trust National Association lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. TIAA Trust National Association now owns 500,757 shares of the financial services provider's stock worth $100,302,000 after buying an additional 2,443 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $240.78 on Thursday. The stock has a market capitalization of $677.88 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 3.56 and a beta of 1.10. The firm's 50-day moving average price is $221.48 and its two-hundred day moving average price is $211.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1-year low of $152.57 and a 1-year high of $248.00.

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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the company earned $4.33 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given 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 of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted 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 report on Monday, October 14th. 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 report on Monday, September 30th. Daiwa Capital Markets reduced 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 research note on Thursday, October 10th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, 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 report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $229.31.

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.