Bremer Trust National Association lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,979 shares of the financial services provider’s stock after selling 6,830 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Bremer Trust National Association’s investment portfolio, making the stock its 7th largest position. Bremer Trust National Association’s holdings in JPMorgan Chase & Co. were worth $5,526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Jackson Grant Investment Advisers Inc. raised its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares during the period. Vigilant Capital Management LLC raised its position in shares of 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 raised its position in shares of 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. Hanson McClain Inc. raised its position in shares of JPMorgan Chase & Co. by 1.3% in the second quarter. Hanson McClain Inc. now owns 2,384 shares of the financial services provider’s stock valued at $148,000 after buying an additional 31 shares during the period. Finally, Physicians Financial Services Inc. raised its position in shares of 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. Hedge funds and other institutional investors own 72.45% of the company’s stock.

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

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.77% during trading on Tuesday, reaching $78.92. 14,090,313 shares of the company traded hands. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $80.44. The firm has a 50-day moving average price of $71.99 and a 200-day moving average price of $66.51. The company has a market capitalization of $282.36 billion, a P/E ratio of 13.61 and a beta of 1.51.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.10%.

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Several equities analysts have recently commented on the stock. Sandler O’Neill downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Thursday, October 6th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price objective for the company in a research note on Tuesday, August 16th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $78.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, November 3rd. Jefferies Group upped their price objective on shares of 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. reaffirmed a “market perform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.43.

In related news, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $947,222.58. Following the completion of the transaction, the chief financial officer now directly owns 16,581 shares in the company, valued at approximately $1,115,238.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 25,542 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the completion of the transaction, the chief executive officer now owns 291,080 shares of the company’s stock, valued at $19,578,040.80. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

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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