JPMorgan Chase & Co. (NYSE:JPM) is Oppenheimer Asset Management Inc.'s 6th Largest Position

Oppenheimer Asset Management Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,354 shares of the financial services provider's stock after selling 11,033 shares during the period. JPMorgan Chase & Co. makes up about 1.5% of Oppenheimer Asset Management Inc.'s holdings, making the stock its 6th largest holding. Oppenheimer Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $126,802,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its stake in shares of JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $1,185,000. Hoey Investments Inc. raised its stake in shares of JPMorgan Chase & Co. by 5.9% in the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider's stock valued at $4,482,000 after acquiring an additional 1,247 shares in the last quarter. Berkshire Money Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $302,000. Finally, Barings LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $302,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $0.48 during midday trading on Monday, reaching $244.83. 4,217,387 shares of the company traded hands, compared to its average volume of 9,088,227. The firm's 50 day simple moving average is $219.50 and its two-hundred day simple moving average is $210.17. JPMorgan Chase & Co. has a 1-year low of $151.92 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $689.28 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) 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 company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period last year, the firm earned $4.33 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Wells Fargo & Company raised 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. Finally, Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $227.13.

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.