True Wealth Design LLC Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

True Wealth Design LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 29.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234 shares of the financial services provider’s stock after selling 100 shares during the quarter. True Wealth Design LLC’s holdings in JPMorgan Chase & Co. were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Burns Matteson Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 32.6% during the 2nd quarter. Burns Matteson Capital Management LLC now owns 1,429 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 351 shares during the period. Mather Group LLC. grew its holdings in JPMorgan Chase & Co. by 31.1% in the second quarter. Mather Group LLC. now owns 26,453 shares of the financial services provider’s stock valued at $5,299,000 after purchasing an additional 6,275 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $505,000. New England Research & Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $215,000. Finally, Fulton Bank N.A. raised its stake in shares of JPMorgan Chase & Co. by 5.8% during the 2nd quarter. Fulton Bank N.A. now owns 56,236 shares of the financial services provider’s stock worth $11,374,000 after buying an additional 3,067 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $249.72 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $703.05 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $154.38 and a one year high of $254.31. The company has a 50 day moving average price of $227.21 and a 200 day moving average price of $213.78.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the firm posted $4.33 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI raised their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $229.31.

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.