JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Wiser Advisor Group LLC

Wiser Advisor Group LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,833 shares of the financial services provider’s stock after selling 96 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.2% of Wiser Advisor Group LLC’s investment portfolio, making the stock its 15th largest holding. Wiser Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,441,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Diversified LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Diversified LLC now owns 11,514 shares of the financial services provider’s stock worth $2,428,000 after acquiring an additional 117 shares in the last quarter. Truvestments Capital LLC increased its holdings in JPMorgan Chase & Co. by 104.2% in the third quarter. Truvestments Capital LLC now owns 4,663 shares of the financial services provider’s stock valued at $983,000 after buying an additional 2,380 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in JPMorgan Chase & Co. by 4.5% in the third quarter. Brown Brothers Harriman & Co. now owns 105,317 shares of the financial services provider’s stock valued at $22,207,000 after buying an additional 4,497 shares during the last quarter. Alliance Wealth Management Group increased its holdings in JPMorgan Chase & Co. by 3.1% in the third quarter. Alliance Wealth Management Group now owns 5,146 shares of the financial services provider’s stock valued at $1,085,000 after buying an additional 155 shares during the last quarter. Finally, Boston Family Office LLC increased its holdings in JPMorgan Chase & Co. by 2.5% in the third quarter. Boston Family Office LLC now owns 47,614 shares of the financial services provider’s stock valued at $10,040,000 after buying an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $249.79 on Friday. The stock has a market cap of $703.24 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. The business has a fifty day simple moving average of $226.43 and a 200-day simple moving average of $213.26. 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 12 month low of $152.72 and a 12 month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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 analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.00%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JPM shares. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays increased their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Oppenheimer downgraded 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 assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.