JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Doliver Advisors LP

Doliver Advisors LP lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,922 shares of the financial services provider’s stock after selling 2,640 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Doliver Advisors LP’s holdings, making the stock its 11th biggest holding. Doliver Advisors LP’s holdings in JPMorgan Chase & Co. were worth $5,015,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital Market Strategies LLC grew its stake in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Capital Market Strategies LLC now owns 2,220 shares of the financial services provider’s stock worth $532,000 after buying an additional 57 shares during the period. Neville Rodie & Shaw Inc. boosted its position in JPMorgan Chase & Co. by 3.1% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 141,181 shares of the financial services provider’s stock worth $33,842,000 after purchasing an additional 4,181 shares during the period. CWA Asset Management Group LLC increased its holdings in JPMorgan Chase & Co. by 11.9% in the 4th quarter. CWA Asset Management Group LLC now owns 107,146 shares of the financial services provider’s stock valued at $25,684,000 after purchasing an additional 11,398 shares in the last quarter. Pensionfund Sabic lifted its stake in shares of JPMorgan Chase & Co. by 152.4% during the fourth quarter. Pensionfund Sabic now owns 26,500 shares of the financial services provider’s stock worth $6,352,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of JPMorgan Chase & Co. by 14.5% in the fourth quarter. Nordea Investment Management AB now owns 3,062,925 shares of the financial services provider’s stock worth $735,041,000 after buying an additional 388,126 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on JPM. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird lowered 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $242.81.

JPMorgan Chase & Co. Stock Performance

JPM traded down $0.62 during trading hours on Monday, hitting $241.41. The company’s stock had a trading volume of 6,295,170 shares, compared to its average volume of 8,265,025. The company has a 50-day simple moving average of $239.74 and a 200 day simple moving average of $221.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $679.65 billion, a PE ratio of 13.43, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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 company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the previous year, the firm earned $4.33 EPS. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.07%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.