TCW Group Inc. Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

TCW Group Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,798 shares of the financial services provider’s stock after selling 42,368 shares during the period. TCW Group Inc.’s holdings in JPMorgan Chase & Co. were worth $112,346,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $32,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $34,000. Finally, West Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JPM shares. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Daiwa Capital Markets lowered their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $242.99 on Wednesday. The firm’s 50 day moving average is $231.34 and its 200-day moving average is $215.71. The firm has a market capitalization of $684.10 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $158.15 and a 1 year high of $254.31. 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. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $4.33 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

JPMorgan Chase & Co. 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.