Graypoint LLC Sells 680 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Graypoint LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 39,806 shares of the financial services provider’s stock after selling 680 shares during the period. Graypoint LLC’s holdings in JPMorgan Chase & Co. were worth $9,542,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. RMR Wealth Builders boosted its stake in shares of JPMorgan Chase & Co. by 4.4% during the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider’s stock valued at $7,924,000 after purchasing an additional 1,382 shares in the last quarter. Lowe Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 51 shares in the last quarter. HBW Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 10.6% in the 4th quarter. HBW Advisory Services LLC now owns 4,925 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 473 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 60,290 shares of the financial services provider’s stock worth $14,452,000 after purchasing an additional 1,429 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock valued at $46,131,000 after purchasing an additional 1,282 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on JPM shares. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. Daiwa Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $3.11 during trading on Friday, reaching $240.02. 10,245,923 shares of the company traded hands, compared to its average volume of 9,361,388. The stock has a market cap of $675.74 billion, a P/E ratio of 13.36, a PEG ratio of 3.54 and a beta of 1.11. The firm’s fifty day simple moving average is $241.25 and its 200 day simple moving average is $222.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

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.