Hantz Financial Services Reduces Stake in JPMorgan Chase & Co.

Hantz Financial Services Inc. has reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.2% during the third quarter, based on its latest filing with the Securities and Exchange Commission. After selling 5,165 shares during the quarter, the institutional investor now holds 158,044 shares of the financial services provider. The value of Hantz Financial Services' holdings in JPMorgan Chase & Co. stood at approximately $33,325,000 at the end of the reporting period.

Several other institutional investors have also adjusted their positions in JPMorgan Chase & Co. Mizuho Securities Co. Ltd. has taken a new position in the company during the third quarter, valued at around $25,000. Catalyst Capital Advisors LLC also entered new shares valued at approximately $27,000 in the same period. Additionally, Fairway Wealth LLC made a new investment in the second quarter worth about $32,000, while Anfield Capital Management LLC took a stake valued at $34,000 during the same period. West Financial Advisors LLC acquired shares valued at $37,000 in the third quarter. Currently, 71.55% of JPMorgan's stock is held by hedge funds and other institutional investors.

Recent Analyst Ratings

In recent developments, several analysts have provided their insights on JPMorgan Chase & Co. Morgan Stanley downgraded the company from an "overweight" rating to "equal weight" while slightly increasing their price target from $220.00 to $224.00 in a report dated September 30th. Meanwhile, Citigroup raised its price target on JPMorgan Chase & Co. from $215.00 to $250.00, maintaining a "neutral" rating as of November 19th. On November 20th, Oppenheimer lowered its rating from "outperform" to "market perform." Deutsche Bank reaffirmed its "hold" rating with a price target of $235.00 on September 3rd. Furthermore, Baird R W downgraded its rating from "hold" to "strong sell" on November 7th. Overall, two analysts have recommended selling the stock, eight have held a buy rating, and ten analysts have given buy ratings. Based on MarketBeat.com data, JPMorgan Chase & Co. has an average rating of "Hold" with an average price target of $229.31.

Current Trading Activity

As of Friday, JPMorgan Chase & Co.'s stock opened at $249.98. The market capitalization is recorded at $703.78 billion with a P/E ratio of 13.91 and a P/E/G ratio of 3.63. The stock has seen a low of $154.38 and a high of $254.31 in the past year. The company’s 50-day moving average price is $227.21, while the 200-day moving average price stands at $213.61. Additionally, its debt-to-equity ratio is 1.27, with both current and quick ratios at 0.89.

Recent Earnings and Dividend Announcement

JPMorgan Chase & Co. reported its quarterly earnings on October 11th, showing an EPS of $4.37, surpassing the consensus estimate of $4.02 by $0.35. Additionally, the company reported a revenue of $43.32 billion for the quarter, exceeding analyst expectations of $41.43 billion. The company also registered a return on equity of 16.71% and a net margin of 19.64%, with revenue increasing by 6.5% year-over-year. Analysts predict JPMorgan Chase & Co. will deliver an EPS of 17.62 for the current fiscal year.

Recently, the company announced a quarterly dividend that was paid on October 31st, with record shareholders receiving $1.25 per share. This is an increase from the previous dividend of $1.15, representing an annualized dividend of $5.00 and a yield of 2.00%. The ex-dividend date was set for October 4th, and the dividend payout ratio (DPR) is 27.82%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. operates as a global financial services firm. Its operations are divided into four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides a variety of deposit, investment, and lending products, as well as services related to cash management, payments, mortgage origination, residential mortgages, home equity loans, credit cards, and auto loans.

JPMorgan, finance, investment