Annex Advisory Services LLC Sells 57,588 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Annex Advisory Services LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 52.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,214 shares of the financial services provider’s stock after selling 57,588 shares during the quarter. Annex Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $10,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kings Path Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 673.0% in the third quarter. Kings Path Partners LLC now owns 2,404 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 2,093 shares in the last quarter. InTrack Investment Management Inc boosted its holdings in JPMorgan Chase & Co. by 79.0% in the 3rd quarter. InTrack Investment Management Inc now owns 10,548 shares of the financial services provider’s stock valued at $2,224,000 after purchasing an additional 4,655 shares during the period. Montis Financial LLC grew its position in shares of JPMorgan Chase & Co. by 12.9% during the 3rd quarter. Montis Financial LLC now owns 2,854 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 325 shares in the last quarter. Brown Miller Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Brown Miller Wealth Management LLC now owns 45,352 shares of the financial services provider’s stock worth $9,563,000 after purchasing an additional 189 shares during the period. Finally, CRA Financial Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. CRA Financial Services LLC now owns 10,140 shares of the financial services provider’s stock worth $2,138,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $213.47.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $222.29 on Friday. The company has a market capitalization of $632.45 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The firm has a fifty day simple moving average of $211.79 and a 200 day simple moving average of $203.70.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the company posted $4.33 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is 27.89%.

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.