Mill Creek Capital Advisors LLC Sells 1,935 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mill Creek Capital Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,121 shares of the financial services provider’s stock after selling 1,935 shares during the period. Mill Creek Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $5,719,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JPM. Schneider Downs Wealth Management Advisors LP lifted its stake in JPMorgan Chase & Co. by 9.8% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 6,866 shares of the financial services provider’s stock worth $1,448,000 after acquiring an additional 610 shares during the period. Kinsale Capital Group Inc. raised its holdings in JPMorgan Chase & Co. by 15.4% in the 3rd quarter. Kinsale Capital Group Inc. now owns 39,357 shares of the financial services provider’s stock worth $8,299,000 after purchasing an additional 5,248 shares in the last quarter. River Street Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. River Street Advisors LLC now owns 21,655 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 288 shares during the period. Turtle Creek Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 40,454 shares of the financial services provider’s stock valued at $8,530,000 after purchasing an additional 1,146 shares in the last quarter. Finally, LJI Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.8% during the third quarter. LJI Wealth Management LLC now owns 28,325 shares of the financial services provider’s stock valued at $5,973,000 after buying an additional 507 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $229.31.

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $240.78 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $152.57 and a fifty-two week high of $248.00. 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 company has a market capitalization of $677.88 billion, a P/E ratio of 13.40, a P/E/G ratio of 3.56 and a beta of 1.10. The company has a fifty day moving average of $221.48 and a 200 day moving average of $211.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.