Hantz Financial Services Adjusts JPMorgan Chase Holdings

Hantz Financial Services Inc. has reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.2% during the third quarter, as revealed in a recent filing with the Securities and Exchange Commission. After selling 5,165 shares during the quarter, Hantz Financial Services now owns 158,044 shares of the financial giant, with a total value of approximately $33,325,000 at the end of the reporting period.

Several other institutional investors have also updated their positions in JPMorgan Chase & Co. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan valued at around $25,000 in the third quarter. Catalyst Capital Advisors LLC also entered a new investment, valued at $27,000, during the same period. Furthermore, Fairway Wealth LLC obtained a new stake in the company during the second quarter worth $32,000, while Anfield Capital Management LLC invested approximately $34,000 in the second quarter. West Financial Advisors LLC increased its position by investing $37,000 in the third quarter. Notably, hedge funds and institutional investors collectively own 71.55% of JPMorgan's stock.

Recent Analyst Recommendations

Recent comments from analysts provide insight into the market's views on JPMorgan Chase & Co. Morgan Stanley downgraded their rating from "overweight" to "equal weight" while raising their target price from $220.00 to $224.00 on September 30th. In contrast, Citigroup increased its price target from $215.00 to $250.00 and issued a "neutral" rating on November 19th. Oppenheimer changed their rating from "outperform" to "market perform" on November 20th. Deutsche Bank reaffirmed a "hold" rating with a target price of $235.00 as of September 3rd. Moreover, Baird R W reduced their rating from "hold" to "strong sell" on November 7th. Overall, there are two analysts who have given a sell rating, eight have rated it a hold, and ten have rated it a buy. According to MarketBeat.com, JPMorgan Chase & Co. holds an average rating of "Hold" with an average target price of $229.31.

Current Trading Status of JPMorgan Chase & Co.

The shares of JPM opened at $249.98 on a recent Friday. The company has a market capitalization of $703.78 billion, a price-to-earnings ratio of 13.91, and a P/E/G ratio of 3.63 alongside a beta of 1.10. Over the past year, JPMorgan's stock has fluctuated between a low of $154.38 and a high of $254.31. The firm's fifty-day moving average is currently $227.21, while the 200-day moving average stands at $213.61. The company’s debt-to-equity ratio is 1.27, with a current ratio of 0.89 and a quick ratio of 0.89.

Recent Earnings and Dividend Announcement

On October 11th, JPMorgan Chase & Co. reported its quarterly earnings results, posting an earnings per share (EPS) of $4.37 for the quarter, surpassing the analysts' consensus estimate of $4.02 by $0.35. The company registered revenue of $43.32 billion, exceeding expectations of $41.43 billion. JPMorgan reported a return on equity of 16.71% and a net profit margin of 19.64%. Year-over-year, the company’s revenue grew by 6.5%. For the same quarter of the previous year, the EPS was $4.33. Analysts project that JPMorgan Chase & Co. will achieve an EPS of 17.62 for the current fiscal year.

Moreover, the company has announced an increase to its quarterly dividend, which was distributed on October 31st. Shareholders of record as of October 4th received a dividend of $1.25 per share, up from the previous $1.15 dividend. This equates to an annualized dividend of $5.00, offering a yield of 2.00%. The ex-dividend date for this dividend was also October 4th. JPMorgan’s dividend payout ratio stands at 27.82%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. operates as a global financial services company, offering a variety of services through four main segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides a wide range of banking services including deposit accounts, investment options, lending products, and cash management services, all offered through various channels such as branches, ATMs, and digital platforms.

Hantz, JPMorgan, Investors