JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Unison Asset Management LLC

Unison Asset Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 41,912 shares of the financial services provider’s stock after selling 64 shares during the quarter. JPMorgan Chase & Co. comprises about 4.2% of Unison Asset Management LLC’s portfolio, making the stock its 11th biggest position. Unison Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $8,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Truvestments Capital LLC increased its position in JPMorgan Chase & Co. by 104.2% during the third quarter. Truvestments Capital LLC now owns 4,663 shares of the financial services provider’s stock worth $983,000 after buying an additional 2,380 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of JPMorgan Chase & Co. by 4.5% during the third quarter. Brown Brothers Harriman & Co. now owns 105,317 shares of the financial services provider’s stock worth $22,207,000 after acquiring an additional 4,497 shares during the last quarter. Alliance Wealth Management Group increased its holdings in shares of JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Alliance Wealth Management Group now owns 5,146 shares of the financial services provider’s stock valued at $1,085,000 after acquiring an additional 155 shares during the period. Boston Family Office LLC raised its position in JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Boston Family Office LLC now owns 47,614 shares of the financial services provider’s stock valued at $10,040,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $1,566,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock opened at $249.75 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $152.72 and a fifty-two week high of $254.31. The firm has a market capitalization of $703.13 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. The stock’s fifty day moving average is $225.64 and its two-hundred day moving average is $213.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS 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%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 EPS. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JPM shares. Robert W. Baird lowered shares of 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. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Barclays increased their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $229.31.

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.