JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,324 shares of the financial services provider’s stock after selling 413 shares during the quarter. JPMorgan Chase & Co. comprises 0.9% of Cravens & Co Advisors LLC’s holdings, making the stock its 23rd largest position. Cravens & Co Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,123,000 as of its most recent filing with the SEC.

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

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $249.98 on Friday. JPMorgan Chase & Co. has a 52 week low of $154.38 and a 52 week 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. The stock has a market cap of $703.78 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. The stock has a 50 day moving average of $227.21 and a 200-day moving average of $213.61.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.33 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal 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 given a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Barclays boosted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Daiwa Capital Markets dropped their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $229.31.

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; 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.