TIAA CREF Trust Co. FSB MO cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 494,285 shares of the financial services provider’s stock after selling 15,027 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in JPMorgan Chase & Co. were worth $30,715,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter valued at approximately $107,000. Vigilant Capital Management LLC increased its stake in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co increased its stake in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares during the period. Physicians Financial Services Inc. increased its stake in JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock valued at $151,000 after buying an additional 265 shares during the period. Finally, Barnett & Company Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter valued at approximately $156,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.78% during mid-day trading on Monday, reaching $68.64. 13,027,466 shares of the company traded hands. JPMorgan Chase & Co. has a 52-week low of $52.50 and a 52-week high of $69.06. The firm’s 50 day moving average price is $66.80 and its 200-day moving average price is $63.86. The company has a market capitalization of $247.89 billion, a P/E ratio of 11.63 and a beta of 1.54.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The company earned $24.40 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter in the prior year, the company posted $1.54 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post $5.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.54%.

Several research firms have recently commented on JPM. Sandler O’Neill downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Thursday. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price objective on the stock in a report on Tuesday, August 16th. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 17th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 13th. Finally, Macquarie downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $72.00 to $70.00 in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.25.

In other news, insider Ashley Bacon sold 15,521 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.97, for a total transaction of $992,878.37. Following the completion of the transaction, the insider now owns 14,938 shares of the company’s stock, valued at approximately $955,583.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Matthew E. Zames sold 3,991 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.91, for a total transaction of $255,064.81. Following the transaction, the chief operating officer now directly owns 282,287 shares of the company’s stock, valued at approximately $18,040,962.17. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

About JPMorgan Chase & Co.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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