Northwest Bancshares Inc. Sells 6,110 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Northwest Bancshares Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,877 shares of the financial services provider's stock after selling 6,110 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Northwest Bancshares Inc.'s holdings, making the stock its 12th largest position. Northwest Bancshares Inc.'s holdings in JPMorgan Chase & Co. were worth $7,565,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPM. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at about $1,888,088,000. Swedbank AB bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $800,130,000. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock worth $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Wulff Hansen & CO. grew its position in JPMorgan Chase & Co. by 19,920.7% in the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after buying an additional 2,787,510 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 6,239.1% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider's stock valued at $277,456,000 after acquiring an additional 1,396,194 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.5 %

Shares of NYSE JPM traded up $3.79 during trading hours on Friday, hitting $248.55. The stock had a trading volume of 7,997,307 shares, compared to its average volume of 9,405,694. The firm's 50-day moving average price is $223.14 and its two-hundred day moving average price is $211.90. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $249.15. The company has a market capitalization of $699.75 billion, a P/E ratio of 13.83, a P/E/G ratio of 3.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.33 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. 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 report on Monday, October 14th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" 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 raised their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $229.31.

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.