JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Hyperion Partners LLC

Hyperion Partners LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,245 shares of the financial services provider’s stock after selling 92 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.8% of Hyperion Partners LLC’s investment portfolio, making the stock its 18th largest holding. Hyperion Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JPM. Cypress Wealth Services LLC grew its stake in JPMorgan Chase & Co. by 4.5% during the 3rd quarter. Cypress Wealth Services LLC now owns 9,984 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 427 shares in the last quarter. Morton Capital Management LLC CA grew its position in shares of JPMorgan Chase & Co. by 20.4% during the third quarter. Morton Capital Management LLC CA now owns 11,570 shares of the financial services provider’s stock worth $2,440,000 after buying an additional 1,963 shares in the last quarter. Kelly Financial Services LLC grew its position in shares of JPMorgan Chase & Co. by 15.5% during the third quarter. Kelly Financial Services LLC now owns 1,808 shares of the financial services provider’s stock worth $381,000 after buying an additional 242 shares in the last quarter. Perpetual Ltd increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Perpetual Ltd now owns 11,463 shares of the financial services provider’s stock worth $2,417,000 after buying an additional 342 shares during the last quarter. Finally, Pensionfund Sabic raised its holdings in JPMorgan Chase & Co. by 75.0% in the third quarter. Pensionfund Sabic now owns 10,500 shares of the financial services provider’s stock valued at $2,214,000 after acquiring an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JPM shares. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets increased 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. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Stock Performance

JPM traded up $0.38 during trading hours on Thursday, hitting $213.80. The company’s stock had a trading volume of 1,233,617 shares, compared to its average volume of 9,066,771. The company has a 50-day simple moving average of $211.22 and a 200 day simple moving average of $203.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $613.96 billion, a PE ratio of 11.90, a PEG ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the company earned $4.37 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. 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 2.34%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

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.