Castleark Management LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 55.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,085 shares of the financial services provider's stock after selling 40,280 shares during the quarter. Castleark Management LLC's holdings in JPMorgan Chase & Co. were worth $6,765,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. FSM Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 0.9% during the 2nd quarter. FSM Wealth Advisors LLC now owns 9,389 shares of the financial services provider's stock worth $1,899,000 after acquiring an additional 87 shares during the period. Hyperion Partners LLC raised its position in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Hyperion Partners LLC now owns 6,337 shares of the financial services provider's stock worth $1,282,000 after buying an additional 64 shares during the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth $200,000. Williams & Novak LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $487,000. Finally, Curated Wealth Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 200.0% during the second quarter. Curated Wealth Partners LLC now owns 4,184 shares of the financial services provider's stock worth $846,000 after acquiring an additional 8,368 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:JPM opened at $247.34 on Friday. The business has a fifty day simple moving average of $229.94 and a 200-day simple moving average of $214.79. JPMorgan Chase & Co. has a 52 week low of $156.15 and a 52 week high of $254.31. The company has a market cap of $696.35 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.53 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the company posted $4.33 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, October 4th. 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 27.82%.
A number of brokerages have weighed in on JPM. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a "market perform" rating in a report on Tuesday. Oppenheimer cut shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $234.81.
View Our Latest Research Report on JPM
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.
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