JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,732 shares of the financial services provider’s stock after selling 58 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Lakeshore Financial Planning Inc.’s portfolio, making the stock its 16th largest position. Lakeshore Financial Planning Inc.’s holdings in JPMorgan Chase & Co. were worth $2,263,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $27,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $32,000. Anfield Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the second quarter valued at about $34,000. West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on JPM shares. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $224.31.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $239.41 on Tuesday. JPMorgan Chase & Co. has a one year low of $145.16 and a one year high of $248.00. The stock’s fifty day moving average is $217.24 and its 200-day moving average is $208.46. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $674.02 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the business earned $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

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.