RBO & Co. LLC Has $23.50 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

RBO & Co. LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 111,432 shares of the financial services provider’s stock after selling 251 shares during the period. JPMorgan Chase & Co. accounts for about 3.7% of RBO & Co. LLC’s holdings, making the stock its 6th largest position. RBO & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $23,497,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Shum Financial Group Inc. purchased a new position in JPMorgan Chase & Co. during the third quarter worth $2,493,000. Sanders Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Sanders Capital LLC now owns 8,194,767 shares of the financial services provider’s stock worth $1,727,949,000 after purchasing an additional 49,695 shares during the period. Brooklyn Investment Group grew its holdings in JPMorgan Chase & Co. by 8.0% during the 3rd quarter. Brooklyn Investment Group now owns 18,493 shares of the financial services provider’s stock valued at $3,899,000 after purchasing an additional 1,372 shares during the last quarter. Elios Financial Group Inc. bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $652,000. Finally, Blue Investment Partners LLC raised its position in JPMorgan Chase & Co. by 42.9% in the 3rd quarter. Blue Investment Partners LLC now owns 2,062 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 619 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock opened at $249.79 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $703.24 billion, a P/E ratio of 13.90, a P/E/G ratio of 3.63 and a beta of 1.10. The business has a fifty day moving average of $226.43 and a two-hundred day moving average of $213.26. JPMorgan Chase & Co. has a twelve month low of $152.72 and a twelve month 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 analysts’ consensus estimates 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 firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the prior year, the business posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $229.31.

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.