American Financial Advisors LLC Sells 99 Shares of JPMorgan Chase & Co. (NYSE:JPM)

American Financial Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,848 shares of the financial services provider’s stock after selling 99 shares during the period. American Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. BKM Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 2.1% during the 1st quarter. BKM Wealth Management LLC now owns 14,660 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 297 shares in the last quarter. Horizon Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 3.6% during the 1st quarter. Horizon Wealth Management LLC now owns 5,028 shares of the financial services provider’s stock worth $1,007,000 after purchasing an additional 173 shares in the last quarter. Kowal Investment Group LLC increased its holdings in JPMorgan Chase & Co. by 4.3% during the 1st quarter. Kowal Investment Group LLC now owns 9,996 shares of the financial services provider’s stock worth $2,002,000 after purchasing an additional 411 shares in the last quarter. Little House Capital LLC increased its holdings in JPMorgan Chase & Co. by 9.0% during the 1st quarter. Little House Capital LLC now owns 34,192 shares of the financial services provider’s stock worth $6,849,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Miracle Mile Advisors LLC now owns 62,615 shares of the financial services provider’s stock worth $12,542,000 after purchasing an additional 2,086 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Barclays upped their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $222.94 on Friday. The company has a market cap of $634.30 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 3.28 and a beta of 1.11. The business’s 50 day simple moving average is $216.15 and its 200 day simple moving average is $206.54. JPMorgan Chase & Co. has a 12 month low of $139.23 and a 12 month high of $226.75. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.33 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend 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.