Foundry Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 469,315 shares of the financial services provider’s stock after buying an additional 38,825 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Foundry Partners LLC’s portfolio, making the stock its 2nd largest position. Foundry Partners LLC’s holdings in JPMorgan Chase & Co. were worth $31,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock worth $4,129,713,000 after buying an additional 2,936,653 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of JPMorgan Chase & Co. by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 60,516,465 shares of the financial services provider’s stock worth $3,760,494,000 after buying an additional 1,331,994 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Franklin Resources Inc. now owns 42,729,841 shares of the financial services provider’s stock worth $2,655,217,000 after buying an additional 668,959 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of JPMorgan Chase & Co. by 2.0% in the second quarter. BlackRock Fund Advisors now owns 42,696,451 shares of the financial services provider’s stock worth $2,653,157,000 after buying an additional 832,523 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.04% during trading on Friday, reaching $78.83. The company’s stock had a trading volume of 6,185,719 shares. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $80.44. The company has a market cap of $282.04 billion, a P/E ratio of 13.60 and a beta of 1.51. The stock’s 50-day moving average is $71.70 and its 200 day moving average is $66.33.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $25.50 billion for the quarter. During the same quarter in the prior year, the business earned $1.54 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post $5.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.44%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.10%.

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JPM has been the subject of a number of analyst reports. Compass Point initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, October 11th. They issued a “sell” rating for the company. Sanford C. Bernstein lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $65.72 to $67.00 in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Finally, BMO Capital Markets lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.43.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 25,542 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the sale, the chief executive officer now owns 291,080 shares in the company, valued at $19,578,040.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark O’donovan sold 4,035 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

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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