JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 324,833 shares of the financial services provider’s stock after selling 3,510 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 14th largest position. Mesirow Financial Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $65,716,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. One Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. One Capital Management LLC now owns 67,773 shares of the financial services provider’s stock valued at $13,708,000 after buying an additional 969 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider’s stock valued at $4,590,412,000 after acquiring an additional 1,040,594 shares during the last quarter. Black Diamond Financial LLC increased its position in JPMorgan Chase & Co. by 9.6% during the 2nd quarter. Black Diamond Financial LLC now owns 6,221 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 543 shares in the last quarter. Capital Wealth Planning LLC raised its stake in JPMorgan Chase & Co. by 26.7% in the 2nd quarter. Capital Wealth Planning LLC now owns 2,458,125 shares of the financial services provider’s stock valued at $497,180,000 after purchasing an additional 518,100 shares during the last quarter. Finally, Bcwm LLC lifted its holdings in JPMorgan Chase & Co. by 3.2% in the 2nd quarter. Bcwm LLC now owns 45,861 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 1,438 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. 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 note on Thursday, July 11th. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $210.98 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The company has a market capitalization of $605.86 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.33 and a beta of 1.12. The business has a 50-day moving average of $211.61 and a 200-day moving average of $201.64.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the firm posted $4.37 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

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.