Pacer Advisors Inc. Has $48.57 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Pacer Advisors Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 230,335 shares of the financial services provider's stock after selling 8,022 shares during the period. Pacer Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $48,568,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $1,888,088,000. Swedbank AB bought a new position in JPMorgan Chase & Co. in the first quarter valued at $800,130,000. Wulff Hansen & CO. raised its holdings in JPMorgan Chase & Co. by 19,920.7% during the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after acquiring an additional 2,787,510 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake 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 worth $277,456,000 after purchasing an additional 1,396,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock worth $4,590,412,000 after acquiring an additional 1,040,594 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Barclays lifted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Daiwa Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average target price of $229.31.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded down $0.32 during midday trading on Tuesday, reaching $249.97. The company's stock had a trading volume of 6,209,697 shares, compared to its average volume of 9,086,556. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market cap of $703.75 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $254.31. The business has a 50-day moving average price of $224.80 and a 200-day moving average price of $212.74.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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 an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. JPMorgan Chase & Co.'s dividend payout ratio is 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.