Stifel Financial Corp Has $868.82 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Stifel Financial Corp decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,120,257 shares of the financial services provider’s stock after selling 104,721 shares during the period. JPMorgan Chase & Co. comprises 0.9% of Stifel Financial Corp’s portfolio, making the stock its 12th biggest position. Stifel Financial Corp owned about 0.15% of JPMorgan Chase & Co. worth $868,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JPM. SYM FINANCIAL Corp increased its holdings in shares of JPMorgan Chase & Co. by 52.9% in the third quarter. SYM FINANCIAL Corp now owns 7,412 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 2,564 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $623,000. Quantinno Capital Management LP grew its holdings in JPMorgan Chase & Co. by 48.0% during the 3rd quarter. Quantinno Capital Management LP now owns 260,287 shares of the financial services provider’s stock worth $54,884,000 after acquiring an additional 84,437 shares during the period. Royal London Asset Management Ltd. grew its holdings in JPMorgan Chase & Co. by 2.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 2,216,813 shares of the financial services provider’s stock worth $467,437,000 after acquiring an additional 46,323 shares during the period. Finally, Redwood Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 104.7% during the 3rd quarter. Redwood Investment Management LLC now owns 3,969 shares of the financial services provider’s stock worth $837,000 after acquiring an additional 2,030 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Daiwa Capital Markets reduced their price target on shares of 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. Evercore ISI lifted 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. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted 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 report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Stock Down 0.6 %

Shares of JPM stock opened at $243.42 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1 year low of $156.00 and a 1 year high of $254.31. The firm’s fifty day moving average price is $229.23 and its two-hundred day moving average price is $214.57. The firm has a market capitalization of $685.31 billion, a P/E ratio of 13.55, a PEG ratio of 3.55 and a beta of 1.11.

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 the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.33 EPS. On average, equities analysts predict 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 paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend 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.