Natixis Advisors LLC Sells 45,531 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Natixis Advisors LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,225,710 shares of the financial services provider's stock after selling 45,531 shares during the period. JPMorgan Chase & Co. comprises about 0.9% of Natixis Advisors LLC's holdings, making the stock its 12th biggest holding. Natixis Advisors LLC owned 0.08% of JPMorgan Chase & Co. worth $469,313,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Two investment 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $229.31.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of NYSE:JPM opened at $243.02 on Thursday. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $248.00. The business has a 50 day moving average of $221.48 and a 200-day moving average of $211.13. 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 cap of $684.18 billion, a PE ratio of 13.40, a P/E/G ratio of 3.53 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share 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 company 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 company's revenue 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 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) 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.