JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Washington Trust Bank

Washington Trust Bank trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,859 shares of the financial services provider's stock after selling 2,909 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Washington Trust Bank's holdings, making the stock its 12th largest position. Washington Trust Bank's holdings in JPMorgan Chase & Co. were worth $22,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Catalyst Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth about $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $32,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $34,000. Davidson Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $37,000. Finally, West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $37,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.0 %

JPMorgan Chase & Co. stock traded up $2.43 during trading on Monday, reaching $239.41. 9,013,408 shares of the company were exchanged, compared to its average volume of 9,094,714. JPMorgan Chase & Co. has a 52-week low of $145.16 and a 52-week high of $248.00. The company has a market capitalization of $674.02 billion, a P/E ratio of 13.40, a PEG ratio of 3.46 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 stock's 50 day simple moving average is $217.24 and its two-hundred day simple moving average is $208.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the business posted $4.33 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given 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 of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Wall Street Analyst Weigh In

Several brokerages have commented on JPM. Citigroup raised their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Barclays raised their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.31.

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.