Johnson Investment Counsel Inc. Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Johnson Investment Counsel Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 225,189 shares of the financial services provider’s stock after selling 6,124 shares during the period. Johnson Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $32,752,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nordwand Advisors LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $30,000. Sageworth Trust Co boosted its holdings in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after buying an additional 296 shares in the last quarter. Robbins Farley boosted its holdings in shares of JPMorgan Chase & Co. by 54.2% during the 1st quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock valued at $62,000 after buying an additional 167 shares in the last quarter. Miller Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $67,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $70,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.3 %

JPM stock opened at $153.29 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $159.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. The business has a 50 day simple moving average of $145.23 and a two-hundred day simple moving average of $145.34.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The business had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. During the same period in the prior year, the company posted $3.12 EPS. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.74%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.07%.

Analyst Ratings Changes

A number of equities analysts have weighed in on JPM shares. Odeon Capital Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research report on Thursday, November 2nd. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 16th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Finally, Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $176.00 to $169.00 in a research note on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the transaction, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.