Peak Asset Management LLC Sells 3,762 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Peak Asset Management LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,602 shares of the financial services provider's stock after selling 3,762 shares during the quarter. JPMorgan Chase & Co. comprises 3.5% of Peak Asset Management LLC's investment portfolio, making the stock its 6th biggest position. Peak Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $18,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $27,000. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $32,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $34,000. Finally, West Financial Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $37,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.8 %

JPM traded down $2.00 during trading on Tuesday, hitting $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 twelve month low of $151.92 and a twelve month high of $248.00. 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's fifty day moving average price is $220.06 and its 200-day moving average price is $210.55. The firm has a market capitalization of $684.21 billion, a P/E ratio of 13.53, a PEG ratio of 3.56 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.'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 EPS 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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change 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 is presently 27.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JPM shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Barclays upped their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $229.31.

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.