Canton Hathaway LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Canton Hathaway LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,889 shares of the financial services provider’s stock after selling 50 shares during the period. JPMorgan Chase & Co. comprises 1.0% of Canton Hathaway LLC’s holdings, making the stock its 13th largest position. Canton Hathaway LLC’s holdings in JPMorgan Chase & Co. were worth $3,983,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp boosted its holdings in shares of JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $1,185,000. Jacobs Levy Equity Management Inc. lifted its holdings in JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after buying an additional 1,569 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $1,206,000. Finally, Montchanin Asset Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $5,382,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays raised their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. 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, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $249.75 on Thursday. JPMorgan Chase & Co. has a twelve month low of $152.72 and a twelve month high of $254.31. The company has a 50 day moving average of $225.64 and a 200 day moving average of $213.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $703.13 billion, a P/E ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $4.33 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. 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 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

JPMorgan Chase & Co. Company 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.