Los Angeles Capital Management LLC Sells 102,610 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Los Angeles Capital Management LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 658,981 shares of the financial services provider’s stock after selling 102,610 shares during the period. Los Angeles Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $138,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. 1900 Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 31.2% during the 3rd quarter. 1900 Wealth Management LLC now owns 32,999 shares of the financial services provider’s stock valued at $6,610,000 after purchasing an additional 7,844 shares during the last quarter. River Global Investors LLP raised its holdings in shares of JPMorgan Chase & Co. by 3.7% in the third quarter. River Global Investors LLP now owns 20,600 shares of the financial services provider’s stock worth $4,342,000 after buying an additional 740 shares during the period. Maiden Cove Capital LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $552,000. Tyler Stone Wealth Management boosted its holdings in JPMorgan Chase & Co. by 155.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 10,054 shares of the financial services provider’s stock valued at $2,120,000 after acquiring an additional 6,116 shares during the period. Finally, Colonial River Investments LLC grew its position in JPMorgan Chase & Co. by 80.4% in the 3rd quarter. Colonial River Investments LLC now owns 13,852 shares of the financial services provider’s stock valued at $2,921,000 after acquiring an additional 6,173 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $227.13.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $245.39 on Friday. The company’s fifty day moving average price is $218.84 and its 200-day moving average price is $209.56. 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 firm has a market capitalization of $690.86 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $150.09 and a 1-year high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.33 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 represents a $5.00 annualized dividend and a yield of 2.04%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio 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.