Hantz Financial Services Inc. Reduces Stake in JPMorgan Chase & Co.

Hantz Financial Services Inc. has made adjustments to its holdings in JPMorgan Chase & Co. (NYSE:JPM) by reducing its position by 3.2% during the third quarter. According to the latest filing with the Securities and Exchange Commission, the institutional investor now holds 158,044 shares of the financial services provider’s stock, having sold off 5,165 shares throughout the quarter. At the conclusion of this reporting period, Hantz Financial’s holdings in JPMorgan Chase & Co. were valued at approximately $33,325,000.

Several other institutional investors have also changed their stakes in JPMorgan Chase & Co. For instance, Mizuho Securities Co. Ltd. entered a new position in the company during the third quarter, valued at about $25,000. Catalyst Capital Advisors LLC also acquired new shares in the same period, estimated at $27,000. Meanwhile, Fairway Wealth LLC obtained a new stake in the second quarter worth $32,000, and Anfield Capital Management LLC followed suit with a new stake of $34,000. Additionally, West Financial Advisors LLC established a new position in JPMorgan Chase & Co. valued at $37,000 during the third quarter. Currently, institutional investors and hedge funds own approximately 71.55% of JPMorgan Chase & Co.’s stock.

Recent Analyst Ratings

As for market sentiment, various analysts have recently shared their views on JPMorgan Chase & Co. Morgan Stanley lowered its rating from “overweight” to “equal weight,” while increasing its price target from $220.00 to $224.00 on September 30th. Citigroup raised its price objective for the company to $250.00 from $215.00, maintaining a “neutral” rating on November 19th. On the other hand, Oppenheimer reduced its rating from “outperform” to “market perform” on November 20th, whereas Deutsche Bank Aktiengesellschaft confirmed a “hold” rating, setting a price target of $235.00 as of September 3rd. Baird R.W. downgraded its rating from “hold” to “strong sell” on November 7th. Overall, data shows that two investment analysts rate the stock as a sell, eight as a hold, and ten as a buy, indicating a mixed sentiment among analysts. The average rating for JPMorgan Chase & Co. is currently “Hold,” with a target price estimated at $229.31.

Current Trading Status

In trading activity, JPMorgan Chase & Co. shares opened at $249.98 on Friday. The company boasts a market capitalization of $703.78 billion and has a price-to-earnings (PE) ratio of 13.91. The stock has experienced a yearly low of $154.38 and a peak of $254.31. The 50-day moving average stands at $227.21, while the 200-day moving average is at $213.61. Moreover, the company’s debt-to-equity ratio is 1.27, and both its current and quick ratios are both at 0.89.

Quarterly Earnings Update

JPMorgan Chase & Co. recently released its quarterly earnings on October 11th, reporting earnings per share (EPS) of $4.37, surpassing the consensus estimate of $4.02 by $0.35. The company generated revenue of $43.32 billion during the quarter, which also exceeded analysts’ expectations of $41.43 billion. Additionally, JPMorgan Chase & Co. recorded a return on equity of 16.71% and a net margin of 19.64%. Revenue grew 6.5% year-over-year compared to the previous year when the company earned $4.33 EPS. Analysts predict the company will report an EPS of 17.62 for the current fiscal year.

Dividend Announcement

Furthermore, JPMorgan Chase & Co. has announced an increase in its quarterly dividend, which shareholders received on October 31st. Shareholders of record as of October 4th earned a dividend of $1.25 per share, up from the previous $1.15. This increase means an annualized dividend yield of 2.00%, equating to a total payout of $5.00 per share. The ex-dividend date was also set for October 4th, with the company maintaining a dividend payout ratio (DPR) of 27.82%.

Company Overview

JPMorgan Chase & Co. functions as a global financial services firm, operating across various segments such as Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides a wide range of financial products, including deposits, investments, loans, cash management, and credit services, through various channels including branches, ATMs, and digital banking.

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