Etesian Wealth Advisors Inc. Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Etesian Wealth Advisors Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,773 shares of the financial services provider’s stock after selling 132 shares during the period. JPMorgan Chase & Co. comprises 1.3% of Etesian Wealth Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Etesian Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPM. RFG Advisory LLC increased its position in JPMorgan Chase & Co. by 0.3% during the 1st quarter. RFG Advisory LLC now owns 29,401 shares of the financial services provider’s stock valued at $5,889,000 after buying an additional 85 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the first quarter. First Affirmative Financial Network now owns 2,694 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 100 shares during the last quarter. Meyer Handelman Co. increased its holdings in shares of JPMorgan Chase & Co. by 8.6% during the first quarter. Meyer Handelman Co. now owns 283,626 shares of the financial services provider’s stock valued at $56,810,000 after acquiring an additional 22,518 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 246,585 shares of the financial services provider’s stock worth $49,390,000 after purchasing an additional 4,033 shares during the last quarter. Finally, O Connor Financial Group LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth about $209,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JPM. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Barclays lifted their target price on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $225.37 on Monday. The stock has a market cap of $647.19 billion, a P/E ratio of 12.57, a P/E/G ratio of 3.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $214.03 and its 200 day moving average is $204.58. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 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 17.26% and a net margin of 20.32%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.33 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

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.