JPMorgan Chase & Co. (NYSE:JPM) Position Reduced by South Street Advisors LLC

South Street Advisors LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,432 shares of the financial services provider's stock after selling 2,900 shares during the period. South Street Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Accredited Investors Inc. raised its holdings in JPMorgan Chase & Co. by 4.9% in the second quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock valued at $2,867,000 after acquiring an additional 667 shares in the last quarter. Sunburst Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock worth $1,143,000 after purchasing an additional 268 shares during the last quarter. Sageworth Trust Co lifted its position in shares of JPMorgan Chase & Co. by 37.9% during the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock worth $603,000 after purchasing an additional 786 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of JPMorgan Chase & Co. by 16.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider's stock worth $143,594,000 after purchasing an additional 95,461 shares in the last quarter. Finally, Czech National Bank increased its holdings in JPMorgan Chase & Co. by 7.6% in the second quarter. Czech National Bank now owns 547,224 shares of the financial services provider's stock valued at $110,682,000 after buying an additional 38,548 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.0 %

JPMorgan Chase & Co. stock traded up $2.43 during trading on Thursday, reaching $243.21. 663,489 shares of the company's stock were exchanged, compared to its average volume of 9,062,839. The company's 50-day moving average is $221.48 and its two-hundred day moving average is $211.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $152.71 and a 52-week high of $248.00. The firm has a market cap of $684.72 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 3.53 and a beta of 1.10.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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. 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 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $229.31.

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.