JPMorgan Chase & Co. (JPM) Holdings Lessened by SFE Investment Counsel

SFE Investment Counsel reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,150 shares of the financial services provider’s stock after selling 1,120 shares during the quarter. SFE Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $492,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. First Command Bank grew its holdings in shares of JPMorgan Chase & Co. by 6.9% during the second quarter. First Command Bank now owns 5,428 shares of the financial services provider’s stock worth $496,000 after buying an additional 350 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in shares of JPMorgan Chase & Co. by 101.2% during the second quarter. Fox Run Management L.L.C. now owns 16,300 shares of the financial services provider’s stock worth $1,490,000 after buying an additional 8,200 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of JPMorgan Chase & Co. by 1.6% during the second quarter. Stock Yards Bank & Trust Co. now owns 195,166 shares of the financial services provider’s stock worth $17,838,000 after buying an additional 3,149 shares in the last quarter. Hexavest Inc. grew its holdings in shares of JPMorgan Chase & Co. by 33,815.1% during the second quarter. Hexavest Inc. now owns 904,516 shares of the financial services provider’s stock worth $82,673,000 after buying an additional 901,849 shares in the last quarter. Finally, Cordasco Financial Network grew its holdings in shares of JPMorgan Chase & Co. by 496.7% during the second quarter. Cordasco Financial Network now owns 2,333 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,942 shares in the last quarter. Institutional investors own 73.78% of the company’s stock.

A number of research analysts recently issued reports on the company. Deutsche Bank set a $96.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Tuesday. Credit Suisse Group reissued an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday. UBS Group increased their price target on JPMorgan Chase & Co. from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group set a $111.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.44.

Shares of JPMorgan Chase & Co. (JPM) opened at $112.27 on Wednesday. The firm has a market capitalization of $389,550.00, a P/E ratio of 17.60, a P/E/G ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $113.43.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.71 EPS. analysts predict that JPMorgan Chase & Co. will post 8.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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