Pathway Financial Advisors LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pathway Financial Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,091 shares of the financial services provider’s stock after selling 540 shares during the period. Pathway Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Rockingstone Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Rockingstone Advisors LLC now owns 14,264 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 135 shares during the last quarter. Hoxton Planning & Management LLC increased its position in shares of JPMorgan Chase & Co. by 22.2% during the 3rd quarter. Hoxton Planning & Management LLC now owns 3,629 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 659 shares during the last quarter. Udine Wealth Management Inc. increased its position in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Udine Wealth Management Inc. now owns 32,884 shares of the financial services provider’s stock valued at $6,934,000 after purchasing an additional 208 shares during the last quarter. Talbot Financial LLC increased its position in shares of JPMorgan Chase & Co. by 3.0% during the 3rd quarter. Talbot Financial LLC now owns 96,438 shares of the financial services provider’s stock valued at $20,335,000 after purchasing an additional 2,851 shares during the last quarter. Finally, Brookstone Capital Management increased its position in shares of JPMorgan Chase & Co. by 4.3% during the 3rd quarter. Brookstone Capital Management now owns 89,300 shares of the financial services provider’s stock valued at $18,830,000 after purchasing an additional 3,652 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.1 %

JPMorgan Chase & Co. stock opened at $210.75 on Wednesday. The stock has a 50-day moving average of $211.30 and a two-hundred day moving average of $203.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The stock has a market cap of $605.20 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the company earned $4.37 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.72 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. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JPM. Oppenheimer boosted their target price on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Citigroup upped their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $212.13.

JPMorgan Chase & Co. 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.