JPMorgan Chase & Co. (NYSE:JPM) Holdings Decreased by Family Capital Trust Co

Family Capital Trust Co decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,481 shares of the financial services provider’s stock after selling 232 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.8% of Family Capital Trust Co’s portfolio, making the stock its 15th biggest position. Family Capital Trust Co’s holdings in JPMorgan Chase & Co. were worth $5,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. NuWave Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $30,000. Laidlaw Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at $34,000. FAI Wealth Management boosted its position in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

Shares of JPM opened at $101.51 on Friday. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $309.36 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.16 and a beta of 1.15. The stock’s 50-day moving average price is $99.36 and its 200 day moving average price is $96.79.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same period in the previous year, the company posted $2.68 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, October 5th. This represents a $3.60 annualized dividend and a yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.

A number of analysts recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $115.00 in a research report on Thursday, September 3rd. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $102.00 to $117.00 in a research report on Thursday, July 9th. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Atlantic Securities raised JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $111.59.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Read More: How Do Mutual Funds Work?

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.