OneDigital Investment Advisors LLC Sells 2,850 Shares of JPMorgan Chase & Co. (NYSE:JPM)

OneDigital Investment Advisors LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,738 shares of the financial services provider's stock after selling 2,850 shares during the period. OneDigital Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $29,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Mizuho Securities Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter worth about $32,000. Anfield Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $34,000. Finally, West Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $37,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. 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. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Barclays upped their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two equities 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $229.31.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPM stock traded down $2.00 during trading on Tuesday, reaching $243.03. The company's stock had a trading volume of 6,791,404 shares, compared to its average volume of 9,100,539. JPMorgan Chase & Co. has a one year low of $151.92 and a one year high of $248.00. The business has a fifty day moving average price of $220.06 and a 200-day moving average price of $210.55. The company has a market cap of $684.21 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 3.56 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 issued its quarterly 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the previous year, the firm posted $4.33 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.82%.

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.