Soltis Investment Advisors LLC Has $6.80 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Soltis Investment Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,266 shares of the financial services provider’s stock after selling 6,776 shares during the period. Soltis Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,804,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 2.0% during the third quarter. TD Private Client Wealth LLC now owns 94,595 shares of the financial services provider’s stock worth $19,946,000 after acquiring an additional 1,887 shares in the last quarter. Hobbs Group Advisors LLC boosted its stake in JPMorgan Chase & Co. by 18.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,544 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 237 shares during the period. Arete Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $5,580,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of JPMorgan Chase & Co. by 15.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 576,669 shares of the financial services provider’s stock valued at $121,597,000 after purchasing an additional 76,710 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $3,678,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Daiwa Capital Markets decreased their target price 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, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $242.99 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $684.10 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11. The stock’s fifty day moving average price is $231.34 and its two-hundred day moving average price is $215.71. JPMorgan Chase & Co. has a one year low of $158.15 and a one year high of $254.31.

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 for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.33 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

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, 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.