Round Hill Asset Management Has $728,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Round Hill Asset Management reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 52.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,452 shares of the financial services provider’s stock after selling 3,854 shares during the quarter. Round Hill Asset Management’s holdings in JPMorgan Chase & Co. were worth $728,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its position in JPMorgan Chase & Co. by 12.0% during the third quarter. Larson Financial Group LLC now owns 24,697 shares of the financial services provider’s stock worth $5,208,000 after acquiring an additional 2,649 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 2.4% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 113,534 shares of the financial services provider’s stock valued at $23,940,000 after buying an additional 2,617 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,614 shares of the financial services provider’s stock valued at $551,000 after buying an additional 60 shares during the period. Okabena Investment Services Inc. grew its position in JPMorgan Chase & Co. by 3.4% during the third quarter. Okabena Investment Services Inc. now owns 10,924 shares of the financial services provider’s stock worth $2,303,000 after buying an additional 358 shares in the last quarter. Finally, Truepoint Inc. increased its stake in JPMorgan Chase & Co. by 130.5% during the third quarter. Truepoint Inc. now owns 2,314 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,310 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on JPM. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $229.31.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $249.97 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $254.31. The stock has a market capitalization of $703.75 billion, a PE ratio of 13.91, a PEG ratio of 3.61 and a beta of 1.10. 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 stock’s fifty day moving average is $224.80 and its 200-day moving average is $212.74.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping 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 firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.