Hancock Whitney Corp Sells 7,416 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hancock Whitney Corp trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 218,682 shares of the financial services provider’s stock after selling 7,416 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.5% of Hancock Whitney Corp’s investment portfolio, making the stock its 13th biggest position. Hancock Whitney Corp’s holdings in JPMorgan Chase & Co. were worth $46,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $32,000. Anfield Capital Management LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth $34,000. Finally, West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report 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 report on Monday, September 30th. Finally, Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $249.75 on Thursday. The company has a market capitalization of $703.13 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. The stock has a fifty day simple moving average of $225.64 and a 200 day simple moving average of $213.00. JPMorgan Chase & Co. has a 12-month low of $152.72 and a 12-month high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 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 during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.33 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share 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. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.