Mattson Financial Services LLC Sells 121 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mattson Financial Services LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,369 shares of the financial services provider’s stock after selling 121 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Mattson Financial Services LLC’s portfolio, making the stock its 16th largest holding. Mattson Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $3,715,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 21,844 shares of the financial services provider’s stock valued at $4,606,000 after acquiring an additional 170 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of JPMorgan Chase & Co. by 19.7% in the 3rd quarter. Park Place Capital Corp now owns 10,734 shares of the financial services provider’s stock worth $2,263,000 after buying an additional 1,766 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of JPMorgan Chase & Co. by 5.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 54,816 shares of the financial services provider’s stock valued at $11,558,000 after buying an additional 3,001 shares in the last quarter. Traveka Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Traveka Wealth LLC now owns 5,038 shares of the financial services provider’s stock valued at $1,062,000 after acquiring an additional 252 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its position in JPMorgan Chase & Co. by 1.4% in the third quarter. Insight Wealth Strategies LLC now owns 12,404 shares of the financial services provider’s stock worth $2,616,000 after acquiring an additional 166 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. Morgan Stanley downgraded 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 report on Monday, September 30th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.13.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $210.75 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The business has a 50-day moving average price of $211.30 and a 200 day moving average price of $203.22. The company has a market capitalization of $605.20 billion, a P/E ratio of 11.75, a PEG ratio of 2.39 and a beta of 1.11. 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. (NYSE:JPM) last posted its 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 net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the firm posted $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

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.