Hantz Financial Services Reduces Stake in JPMorgan Chase & Co.

Hantz Financial Services Inc. has recently reduced its investment in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the third quarter, as reported in their latest filing with the Securities and Exchange Commission. After selling 5,165 shares during this period, the institutional investor now holds a total of 158,044 shares. At the end of this reporting period, Hantz Financial Services' stake in JPMorgan Chase & Co. was valued at approximately $33,325,000.

Several other institutional investors have also adjusted their positions in JPMorgan Chase & Co. Mizuho Securities Co. Ltd. acquired a new share in the company valued at about $25,000 in the third quarter. Similarly, Catalyst Capital Advisors LLC purchased shares worth approximately $27,000. In addition, Fairway Wealth LLC made a new investment during the second quarter valued at $32,000, while Anfield Capital Management LLC bought a stake worth about $34,000. Lastly, West Financial Advisors LLC acquired shares valued at around $37,000 during the third quarter. Currently, around 71.55% of JPMorgan Chase & Co. stock is owned by hedge funds and other institutional investors.

Recent Analyst Ratings

Various analysts have recently expressed their views on JPMorgan Chase & Co. Morgan Stanley downgraded the stock from "overweight" to "equal weight," but increased the target price from $220.00 to $224.00 on September 30th. Citigroup raised its price objective from $215.00 to $250.00, maintaining a "neutral" rating as of November 19th. Oppenheimer lowered the stock from "outperform" to "market perform" on November 20th. Deutsche Bank reiterated a "hold" rating, setting the price target at $235.00 on September 3rd, while Baird R W moved the stock down from a "hold" rating to a "strong sell" rating on November 7th. Overall, two analysts have rated the stock as a sell, eight as hold, and ten as buy. According to MarketBeat.com, the consensus rating for JPMorgan Chase & Co. is "Hold," with an average target price of $229.31.

Current Stock Performance

As of Friday morning, shares of JPMorgan Chase & Co. opened at $249.98. The company boasts a market capitalization of $703.78 billion, a PE ratio of 13.91, and a P/E/G ratio of 3.63, along with a beta of 1.10. In the past year, the stock has reached a low of $154.38 and a high of $254.31. The fifty-day moving average price is currently at $227.21, while the 200-day moving average price stands at $213.61. The firm's debt-to-equity ratio is 1.27, with a current ratio and quick ratio both at 0.89.

Quarterly Earnings Announcement

JPMorgan Chase & Co. reported its quarterly earnings on October 11th, revealing earnings per share (EPS) of $4.37, exceeding the expected $4.02 by $0.35. The company generated revenues of $43.32 billion, surpassing analysts' expectations of $41.43 billion. The return on equity was reported at 16.71%, with a net margin of 19.64%. Comparing to the previous year, revenues increased by 6.5%. Analysts currently anticipate that the company will achieve an EPS of 17.62 for the current fiscal year.

Dividend Increase

Recently, JPMorgan Chase & Co. announced an increase in its quarterly dividend, which was paid out on October 31st. Shareholders on record on October 4th received a dividend of $1.25 per share, up from the previous $1.15. This reflects an annualized dividend of $5.00 and a yield of 2.00%. The ex-dividend date was also noted as October 4th, with the company maintaining a dividend payout ratio of 27.82%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. operates as a global financial services firm and is categorized into four main segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides various financial products and services including deposits, lending, mortgage services, and credit cards to consumers and small businesses via branches, ATMs, and digital platforms.

JPMorgan, Investment, Dividends