Vontobel Holding Ltd. Has $58.83 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Vontobel Holding Ltd. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the third quarter, Holdings Channel.com reports. The fund owned 278,989 shares of the financial services provider’s stock after selling 3,008 shares during the period. Vontobel Holding Ltd.’s holdings in JPMorgan Chase & Co. were worth $58,828,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Trust Co. of Toledo NA OH raised its holdings in JPMorgan Chase & Co. by 2.2% in the first quarter. Trust Co. of Toledo NA OH now owns 95,241 shares of the financial services provider’s stock worth $19,077,000 after purchasing an additional 2,075 shares during the period. Orrstown Financial Services Inc. lifted its position in JPMorgan Chase & Co. by 3.9% in the 1st quarter. Orrstown Financial Services Inc. now owns 6,494 shares of the financial services provider’s stock valued at $1,301,000 after acquiring an additional 242 shares in the last quarter. Moseley Investment Management Inc. boosted its stake in JPMorgan Chase & Co. by 0.6% in the 1st quarter. Moseley Investment Management Inc. now owns 18,009 shares of the financial services provider’s stock worth $3,607,000 after purchasing an additional 100 shares during the period. Cullen Investment Group LTD. boosted its position in shares of JPMorgan Chase & Co. by 1.2% during the first quarter. Cullen Investment Group LTD. now owns 102,334 shares of the financial services provider’s stock worth $20,350,000 after buying an additional 1,233 shares during the period. Finally, CWM LLC grew its holdings in shares of JPMorgan Chase & Co. by 10.7% during the first quarter. CWM LLC now owns 327,311 shares of the financial services provider’s stock worth $65,560,000 after buying an additional 31,517 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $223.64 on Thursday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock’s fifty day simple moving average is $213.22 and its two-hundred day simple moving average is $204.17. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market cap of $642.22 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company posted $4.33 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

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.