Williams Jones & Associates LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,117 shares of the financial services provider’s stock after selling 9,677 shares during the period. Williams Jones & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $25,920,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. increased its stake in JPMorgan Chase & Co. by 6.4% in the first quarter. Fairfield Bush & CO. now owns 133,820 shares of the financial services provider’s stock valued at $7,925,000 after buying an additional 8,015 shares during the last quarter. Parametric Risk Advisors LLC increased its stake in JPMorgan Chase & Co. by 46.5% in the first quarter. Parametric Risk Advisors LLC now owns 128,192 shares of the financial services provider’s stock valued at $7,592,000 after buying an additional 40,692 shares during the last quarter. Sentry Investments Corp. increased its stake in JPMorgan Chase & Co. by 12.9% in the first quarter. Sentry Investments Corp. now owns 2,699,080 shares of the financial services provider’s stock valued at $159,840,000 after buying an additional 307,500 shares during the last quarter. Riverhead Capital Management LLC increased its stake in JPMorgan Chase & Co. by 37.5% in the first quarter. Riverhead Capital Management LLC now owns 790,176 shares of the financial services provider’s stock valued at $46,792,000 after buying an additional 215,549 shares during the last quarter. Finally, Chubb Ltd. bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $11,844,000. Institutional investors own 73.77% of the company’s stock.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.40% during mid-day trading on Friday, hitting $77.71. 19,769,965 shares of the stock traded hands. The stock has a market cap of $278.03 billion, a P/E ratio of 13.41 and a beta of 1.51. The stock has a 50-day moving average price of $68.61 and a 200-day moving average price of $65.29. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $78.42.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The firm earned $25.50 billion during the quarter. During the same quarter last year, the company earned $1.54 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post $5.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.47%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.10%.

Several analysts have commented on the company. Sandler O’Neill downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Thursday, October 6th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 target price on the stock in a research note on Tuesday, August 16th. Credit Suisse Group AG reiterated a “buy” rating and set a $78.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, November 3rd. Jefferies Group increased their target price on JPMorgan Chase & Co. from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.43.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total value of $144,893.97. Following the completion of the sale, the general counsel now owns 4,752 shares in the company, valued at approximately $328,030.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark O’donovan sold 4,035 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $69.05, for a total transaction of $278,616.75. Following the completion of the sale, the insider now owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company 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 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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