MSA Advisors LLC Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

MSA Advisors LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,900 shares of the financial services provider’s stock after selling 200 shares during the period. JPMorgan Chase & Co. comprises about 2.0% of MSA Advisors LLC’s portfolio, making the stock its 12th biggest holding. MSA Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,857,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in JPMorgan Chase & Co. by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 13.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 591 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares during the last quarter. TrinityPoint Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 26,088 shares of the financial services provider’s stock valued at $4,438,000 after acquiring an additional 160 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,653 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 71 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $210.98 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $605.86 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.33 and a beta of 1.12. The firm’s 50 day moving average is $211.61 and its two-hundred day moving average is $201.64. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the prior year, the company posted $4.37 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Barclays increased their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Finally, Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.06.

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.