Hexagon Capital Partners LLC Sells 81 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hexagon Capital Partners LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,491 shares of the financial services provider’s stock after selling 81 shares during the period. Hexagon Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,369,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ethic Inc. boosted its holdings in JPMorgan Chase & Co. by 19.3% during the fourth quarter. Ethic Inc. now owns 32,192 shares of the financial services provider’s stock worth $5,476,000 after buying an additional 5,208 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in JPMorgan Chase & Co. by 6.1% during the fourth quarter. Kestra Advisory Services LLC now owns 483,813 shares of the financial services provider’s stock valued at $82,297,000 after purchasing an additional 27,856 shares during the period. Waverly Advisors LLC increased its stake in JPMorgan Chase & Co. by 12.1% in the fourth quarter. Waverly Advisors LLC now owns 45,645 shares of the financial services provider’s stock valued at $7,764,000 after purchasing an additional 4,935 shares in the last quarter. Pinnacle Holdings LLC raised its holdings in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Pinnacle Holdings LLC now owns 13,304 shares of the financial services provider’s stock worth $2,263,000 after purchasing an additional 99 shares during the period. Finally, Gibson Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 17.8% during the fourth quarter. Gibson Capital LLC now owns 1,432 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.3 %

Shares of JPMorgan Chase & Co. stock opened at $213.41 on Thursday. The stock has a market cap of $612.84 billion, a P/E ratio of 11.90, a P/E/G ratio of 2.39 and a beta of 1.11. 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 business’s 50 day moving average is $211.21 and its 200-day moving average is $203.32. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the previous year, the company posted $4.37 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 16.72 earnings per share 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JPM shares. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” 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. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Finally, Barclays upped their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.