JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,201 shares of the financial services provider’s stock after selling 337 shares during the period. Silverlake Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $675,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JPM. Sunpointe LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $1,275,000. Prospect Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $330,000. Wellington Wealth Strategies LLC. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $1,145,000. Clarity Capital Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $484,000. Finally, Able Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $268,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $222.29 on Friday. The firm has a market cap of $632.45 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $211.79 and its two-hundred day moving average is $203.70.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 20.32% and a return on equity of 17.26%. 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 prior year, the firm posted $4.33 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. The ex-dividend date is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Daiwa Capital Markets dropped their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.47.

About JPMorgan Chase & Co.

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.