Barrow Hanley Mewhinney & Strauss LLC Lowers Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 36.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,640 shares of the financial services provider’s stock after selling 104,692 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in JPMorgan Chase & Co. were worth $37,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Gilbert & Cook Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 164 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings 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% in the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after purchasing an additional 10,025 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in JPMorgan Chase & Co. by 3.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 137,461 shares of the financial services provider’s stock valued at $23,382,000 after buying an additional 4,694 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 8.1% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 43,340 shares of the financial services provider’s stock valued at $7,372,000 after buying an additional 3,231 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

JPM stock opened at $211.70 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The stock has a market capitalization of $607.92 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. 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’s fifty day simple moving average is $211.60 and its two-hundred day simple moving average is $202.14.

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 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 company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the prior year, the firm posted $4.37 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. 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 dividend on an annualized basis and a dividend yield of 2.36%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JPM. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Barclays raised their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer upped their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.06.

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.