Zega Financial LLC Has $765,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Zega Financial LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 26.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,627 shares of the financial services provider’s stock after selling 1,277 shares during the quarter. Zega Financial LLC’s holdings in JPMorgan Chase & Co. were worth $765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DF Dent & Co. Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 40,988 shares of the financial services provider’s stock valued at $8,643,000 after purchasing an additional 456 shares during the last quarter. Hendershot Investments Inc. grew its holdings in shares of JPMorgan Chase & Co. by 4.6% during the 3rd quarter. Hendershot Investments Inc. now owns 8,230 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 362 shares during the last quarter. Goldstream Capital Management Ltd bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $1,894,000. Glen Eagle Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Glen Eagle Advisors LLC now owns 16,822 shares of the financial services provider’s stock valued at $3,547,000 after purchasing an additional 236 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 694,179 shares of the financial services provider’s stock valued at $146,375,000 after purchasing an additional 44,701 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.8 %

JPMorgan Chase & Co. stock opened at $247.34 on Friday. 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. has a 12-month low of $156.15 and a 12-month high of $254.31. The firm’s fifty day moving average is $229.94 and its 200 day moving average is $214.79. The company has a market capitalization of $696.35 billion, a PE ratio of 13.76, a PEG ratio of 3.53 and a beta of 1.11.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Analyst Ratings Changes

JPM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $234.81.

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.