Hantz Financial Services Inc. 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, as reported in its latest filing with the Securities and Exchange Commission. After selling 5,165 shares during this period, the institutional investor now owns a total of 158,044 shares of the financial services provider. At the end of the last reporting period, Hantz Financial Services Inc.'s investment in JPMorgan Chase & Co. was valued at approximately $33,325,000.

Institutional Investor Activity

A number of other institutional investors have also adjusted their holdings in JPMorgan Chase & Co. For instance, Mizuho Securities Co. Ltd. acquired a new position in the third quarter worth around $25,000. Similarly, Catalyst Capital Advisors LLC added a new stake during the same period valued at about $27,000. Fairway Wealth LLC and Anfield Capital Management LLC also acquired new stakes in the company earlier this year, with values of $32,000 and $34,000, respectively. West Financial Advisors LLC took a new position in JPMorgan Chase & Co. this quarter, with a valuation of $37,000. Overall, institutional investors own approximately 71.55% of the stock.

Recent Analyst Ratings

Analysts have recently provided insights on JPMorgan Chase & Co. Morgan Stanley has downgraded the stock from an "overweight" to an "equal weight" rating, while also raising their price target from $220.00 to $224.00 as of September 30th. On the other hand, Citigroup has increased their price target from $215.00 to $250.00 and maintained a "neutral" rating, as reported on November 19th. Oppenheimer adjusted their rating from "outperform" to "market perform" on November 20th. Deutsche Bank reiterated a "hold" rating with a price target of $235.00 on September 3rd, while Baird R W downgraded JPMorgan Chase & Co. from a "hold" to a "strong sell" rating on November 7th. In summary, the current consensus shows two analysts giving the stock a sell rating, eight issuing a hold rating, and ten advising a buy rating. MarketBeat.com reports an overall average rating of "Hold" and a target price of $229.31 for the company.

Current Stock Performance

As of Friday, JPMorgan Chase & Co. shares opened at $249.98. The company boasts a market capitalization of $703.78 billion, a price-to-earnings (PE) ratio of 13.91, and a price/earnings to growth (P/E/G) ratio of 3.63. The stock's beta stands at 1.10. Over the past year, the stock has fluctuated within a range, hitting a low of $154.38 and a high of $254.31. The fifty-day and 200-day moving averages are currently at $227.21 and $213.61, respectively. Financial ratios indicate a debt-to-equity ratio of 1.27, alongside current and quick ratios both at 0.89.

Recent Earnings Report

JPMorgan Chase & Co. reported its quarterly earnings results on October 11th, revealing an earnings per share (EPS) of $4.37, which surpassed the consensus estimate of $4.02 by $0.35. The company generated revenue of $43.32 billion for the quarter, exceeding analyst expectations of $41.43 billion. Their return on equity stood at 16.71%, with a net margin of 19.64%. Comparatively, quarterly revenue climbed by 6.5% year over year, with the previous year's EPS at $4.33. Analysts predict that the company will post an EPS of 17.62 for the current fiscal year.

Dividend Increase Announcement

Recently, the firm declared a quarterly dividend that was distributed on October 31st. Shareholders on record as of October 4th received a dividend of $1.25 per share, marking an increase from the previous dividend of $1.15 per share. This translates to an annualized dividend of $5.00, yielding 2.00%. The ex-dividend date was also October 4th, and the dividend payout ratio is calculated at 27.82%.

Company Overview

JPMorgan Chase & Co. operates as a prominent financial services entity on a global scale. Its business model encompasses four primary segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment particularly focuses on providing a variety of deposit, investment, and lending products, along with cash management, payment services, mortgage services, and credit products for both consumers and small businesses via various banking channels.

JPMorgan, Finance, Investment