JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lowered by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 503,458 shares of the financial services provider’s stock after selling 59,440 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in JPMorgan Chase & Co. were worth $106,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC raised its stake in JPMorgan Chase & Co. by 9.5% during the 3rd quarter. Cornerstone Advisors LLC now owns 170,700 shares of the financial services provider’s stock valued at $35,994,000 after acquiring an additional 14,800 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of JPMorgan Chase & Co. by 5.5% during the third quarter. Citizens Financial Group Inc. RI now owns 317,501 shares of the financial services provider’s stock valued at $66,948,000 after purchasing an additional 16,643 shares during the period. Payden & Rygel raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Payden & Rygel now owns 184,050 shares of the financial services provider’s stock valued at $38,809,000 after purchasing an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.9% in the third quarter. EverSource Wealth Advisors LLC now owns 31,875 shares of the financial services provider’s stock worth $6,721,000 after purchasing an additional 288 shares during the period. Finally, Stonebridge Financial Planning Group LLC grew its position in JPMorgan Chase & Co. by 13.1% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 1,980 shares of the financial services provider’s stock valued at $418,000 after buying an additional 230 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Daiwa Capital Markets dropped their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Finally, Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $248.55 on Monday. The company’s fifty day moving average is $223.14 and its two-hundred day moving average is $212.01. The company has a market cap of $699.75 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $249.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued 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 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.