JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by CKW Financial Group

CKW Financial Group lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,053 shares of the financial services provider’s stock after selling 733 shares during the quarter. JPMorgan Chase & Co. comprises 0.3% of CKW Financial Group’s portfolio, making the stock its 18th largest position. CKW Financial Group’s holdings in JPMorgan Chase & Co. were worth $2,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of JPM. WFA Asset Management Corp lifted its holdings in JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after buying an additional 412 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 32.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after acquiring an additional 1,569 shares in the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan Chase & Co. by 202.3% in the first quarter. Cetera Investment Advisers now owns 976,108 shares of the financial services provider’s stock valued at $195,514,000 after purchasing an additional 653,205 shares during the last quarter. Cetera Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 82.4% in the first quarter. Cetera Advisors LLC now owns 455,164 shares of the financial services provider’s stock valued at $91,169,000 after purchasing an additional 205,592 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in JPMorgan Chase & Co. by 2.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 382,523 shares of the financial services provider’s stock valued at $76,619,000 after purchasing an additional 8,929 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $249.79 on Friday. JPMorgan Chase & Co. has a 12 month low of $152.72 and a 12 month high of $254.31. 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 has a fifty day moving average price of $226.43 and a 200 day moving average price of $213.26. The company has a market cap of $703.24 billion, a P/E ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.33 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $229.31.

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.