Hantz Financial Services Adjusts Stake in JPMorgan Chase & Co.

Hantz Financial Services Inc. has reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.2% during the third quarter of the year, as revealed in its latest filing with the Securities and Exchange Commission. After selling 5,165 shares in that period, the institutional investor now owns 158,044 shares of the financial services provider, which amounts to a value of approximately $33,325,000 at the end of the reporting period.

Several other institutional investors have also made adjustments to their positions in JPMorgan Chase & Co. During the third quarter, Mizuho Securities Co. Ltd. acquired a new stake valued at about $25,000. Additionally, Catalyst Capital Advisors LLC purchased shares worth approximately $27,000, while Fairway Wealth LLC bought into the company in the second quarter for $32,000. Anfield Capital Management LLC also made an investment of $34,000 in the same quarter. West Financial Advisors LLC added a new position valued at $37,000 in the third quarter. Currently, about 71.55% of JPMorgan Chase & Co.'s stock is owned by institutional investors and hedge funds.

Recent Analyst Ratings

JPMorgan Chase & Co. has recently attracted attention from analysts. Morgan Stanley downgraded the company from an "overweight" rating to an "equal weight" rating, while also raising their target price from $220.00 to $224.00. On the other hand, Citigroup has increased their price objective for the stock from $215.00 to $250.00 and maintained a "neutral" rating. Oppenheimer also downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in their report. Meanwhile, Deutsche Bank reiterated its "hold" rating with a price target set at $235.00. In total, two analysts rated the stock as a sell, eight issued a hold rating, and ten offered a buy rating. The consensus rating stands at "Hold" with an average target price of $229.31, according to MarketBeat.com.

Current Stock Performance

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

Financial Results and Dividends

In the latest quarterly earnings report released on October 11th, JPMorgan Chase & Co. reported earnings of $4.37 per share, surpassing the consensus estimate of $4.02 by $0.35. The company generated revenue of $43.32 billion, exceeding analyst estimates of $41.43 billion. The firm achieved a return on equity of 16.71% and a net margin of 19.64%, with quarterly revenue reflecting a year-over-year increase of 6.5%. For the current fiscal year, analysts project that the company will report an EPS of 17.62.

Additionally, the firm announced a quarterly dividend of $1.25 per share, which was paid on October 31st to shareholders of record as of October 4th. This marks an increase from the previous dividend of $1.15. The total annualized dividend now stands at $5.00, yielding 2.00%. The company’s dividend payout ratio is recorded at 27.82%.

Company Overview

JPMorgan Chase & Co. operates as a prominent financial services provider globally. The organization functions across four primary segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers a variety of services, including deposit and lending products, cash management, payments, mortgage services, and credit card offerings, available through various channels including bank branches, ATMs, and digital banking.

JPMorgan, stocks, finance