JPMorgan Chase & Co. (NYSE:JPM) is Brown Shipley& Co Ltd’s 4th Largest Position

Brown Shipley& Co Ltd trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,578 shares of the financial services provider’s stock after selling 4,919 shares during the period. JPMorgan Chase & Co. makes up about 5.3% of Brown Shipley& Co Ltd’s holdings, making the stock its 4th biggest holding. Brown Shipley& Co Ltd’s holdings in JPMorgan Chase & Co. were worth $10,665,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its holdings in JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after buying an additional 1,569 shares in the last quarter. NBW Capital LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. NBW Capital LLC now owns 52,315 shares of the financial services provider’s stock valued at $10,479,000 after purchasing an additional 1,351 shares during the last quarter. SRN Advisors LLC lifted its position in JPMorgan Chase & Co. by 9.8% during the first quarter. SRN Advisors LLC now owns 8,386 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 748 shares during the period. Chelsea Counsel Co. lifted its position in JPMorgan Chase & Co. by 3.6% during the first quarter. Chelsea Counsel Co. now owns 2,092 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 73 shares during the period. Finally, Cape Investment Advisory Inc. boosted its holdings in JPMorgan Chase & Co. by 2.9% in the first quarter. Cape Investment Advisory Inc. now owns 4,325 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 120 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays boosted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $229.31.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $249.98 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $154.38 and a twelve month high of $254.31. The business has a 50-day moving average price of $227.21 and a 200-day moving average price of $213.61. The firm has a market cap of $703.78 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share 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 the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.33 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

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.