First Financial Corp IN Sells 250 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First Financial Corp IN cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the third quarter, Holdings Channel reports. The firm owned 11,040 shares of the financial services provider’s stock after selling 250 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.9% of First Financial Corp IN’s holdings, making the stock its 22nd biggest holding. First Financial Corp IN’s holdings in JPMorgan Chase & Co. were worth $1,063,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. NuWave Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $30,000. Laidlaw Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,797,056 shares during the period. Provident Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $34,000. FAI Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 317.0% in the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares during the period. Finally, Bay Harbor Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the company. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. Morgan Stanley reissued a “buy” rating and set a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $111.51.

JPMorgan Chase & Co. stock traded up $0.58 during trading on Thursday, hitting $100.80. The stock had a trading volume of 342,582 shares, compared to its average volume of 20,578,324. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average is $99.31 and its two-hundred day moving average is $96.73. The stock has a market cap of $305.43 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Saturday, October 17th. The financial services provider reported $2.92 EPS for the quarter, beating the consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The business had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same quarter in the prior year, the business earned $2.68 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 5.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, October 5th. This represents a $3.60 annualized dividend and a dividend yield of 3.57%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Further Reading: Float

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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