Hixon Zuercher LLC Sells 790 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hixon Zuercher LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the third quarter, Holdings Channel.com reports. The firm owned 39,905 shares of the financial services provider’s stock after selling 790 shares during the period. JPMorgan Chase & Co. comprises 3.3% of Hixon Zuercher LLC’s portfolio, making the stock its 5th largest holding. Hixon Zuercher LLC’s holdings in JPMorgan Chase & Co. were worth $8,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HMS Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. HMS Capital Management LLC now owns 11,726 shares of the financial services provider’s stock worth $2,473,000 after purchasing an additional 129 shares during the last quarter. HF Advisory Group LLC increased its holdings in JPMorgan Chase & Co. by 6.1% in the third quarter. HF Advisory Group LLC now owns 12,594 shares of the financial services provider’s stock valued at $2,656,000 after buying an additional 725 shares during the last quarter. JFG Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $321,000. Global Wealth Management Investment Advisory Inc. raised its stake in JPMorgan Chase & Co. by 1.8% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 43,558 shares of the financial services provider’s stock valued at $9,185,000 after buying an additional 753 shares in the last quarter. Finally, Hanlon Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 32.8% during the 3rd quarter. Hanlon Investment Management Inc. now owns 2,732 shares of the financial services provider’s stock worth $576,000 after buying an additional 675 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.31.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE:JPM opened at $236.98 on Friday. The company has a 50 day moving average of $217.24 and a 200-day moving average of $208.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $667.18 billion, a P/E ratio of 13.19, a P/E/G ratio of 3.61 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $143.70 and a twelve month high of $248.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the company posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.