JPMorgan Chase & Co. (NYSE:JPM) Stake Lowered by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,677 shares of the financial services provider's stock after selling 228,847 shares during the quarter. JPMorgan Chase & Co. comprises about 2.1% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 9th biggest holding. Vaughan Nelson Investment Management L.P.'s holdings in JPMorgan Chase & Co. were worth $235,884,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JPM. Schneider Downs Wealth Management Advisors LP increased its position in JPMorgan Chase & Co. by 9.8% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 6,866 shares of the financial services provider's stock valued at $1,448,000 after buying an additional 610 shares in the last quarter. Kinsale Capital Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 15.4% in the third quarter. Kinsale Capital Group Inc. now owns 39,357 shares of the financial services provider's stock worth $8,299,000 after acquiring an additional 5,248 shares during the last quarter. River Street Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.3% during the third quarter. River Street Advisors LLC now owns 21,655 shares of the financial services provider's stock valued at $4,566,000 after acquiring an additional 288 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 2.9% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 40,454 shares of the financial services provider's stock worth $8,530,000 after purchasing an additional 1,146 shares during the last quarter. Finally, LJI Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. LJI Wealth Management LLC now owns 28,325 shares of the financial services provider's stock worth $5,973,000 after purchasing an additional 507 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JPM shares. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $229.31.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $240.78 on Thursday. The stock has a market cap of $677.88 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 3.56 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $152.57 and a 12 month high of $248.00. The company's 50 day moving average is $221.48 and its two-hundred day moving average is $211.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share 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 for the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

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.