JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% in the third quarter, Holdings Channel reports. The firm owned 12,770 shares of the financial services provider’s stock after selling 983 shares during the quarter. JPMorgan Chase & Co. accounts for 1.9% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Signature Wealth Management Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of JPM. BKM Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.1% in the 1st quarter. BKM Wealth Management LLC now owns 14,660 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 297 shares in the last quarter. Horizon Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. Horizon Wealth Management LLC now owns 5,028 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 173 shares in the last quarter. Kowal Investment Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.3% in the 1st quarter. Kowal Investment Group LLC now owns 9,996 shares of the financial services provider’s stock valued at $2,002,000 after purchasing an additional 411 shares in the last quarter. Little House Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 9.0% in the 1st quarter. Little House Capital LLC now owns 34,192 shares of the financial services provider’s stock valued at $6,849,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Miracle Mile Advisors LLC now owns 62,615 shares of the financial services provider’s stock valued at $12,542,000 after purchasing an additional 2,086 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPM stock opened at $222.94 on Friday. The stock has a market cap of $634.30 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a fifty-two week low of $139.23 and a fifty-two week high of $226.75. The firm’s 50 day moving average price is $216.15 and its two-hundred day moving average price is $206.54.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. This is a boost 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 2.24%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Evercore ISI raised 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. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.94.

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.