Second Half Financial Partners LLC Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Second Half Financial Partners LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,549 shares of the financial services provider's stock after selling 6,634 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Second Half Financial Partners LLC's holdings, making the stock its 25th largest position. Second Half Financial Partners LLC's holdings in JPMorgan Chase & Co. were worth $2,857,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $27,000. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $32,000. Anfield Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $37,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.5 %

NYSE:JPM traded up $3.79 during mid-day trading on Friday, reaching $248.55. 7,997,307 shares of the company's stock traded hands, compared to its average volume of 9,405,694. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $249.15. The firm has a market capitalization of $699.75 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.55 and a beta of 1.10. 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 company has a 50 day moving average price of $223.14 and a 200-day moving average price of $211.90.

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 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 the consensus estimate of $41.43 billion. During the same quarter in the previous year, the business earned $4.33 EPS. JPMorgan Chase & Co.'s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict 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. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JPM. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Barclays lifted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Finally, Baird R W lowered 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 given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target 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.