HL Financial Services LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,281,312 shares of the financial services provider’s stock after selling 13,913 shares during the period. JPMorgan Chase & Co. comprises approximately 3.5% of HL Financial Services LLC’s holdings, making the stock its 4th largest position. HL Financial Services LLC owned 0.06% of JPMorgan Chase & Co. worth $151,913,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. increased its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock valued at $217,000 after buying an additional 11 shares during the last quarter. Marshwinds Advisory Co. increased its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares during the last quarter. Nadler Financial Group Inc. increased its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock valued at $320,000 after buying an additional 14 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in 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 last quarter. Finally, Evanson Asset Management LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares during the last quarter. 72.45% 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) opened at 78.32 on Tuesday. The firm has a 50 day moving average of $71.99 and a 200-day moving average of $66.51. The stock has a market capitalization of $280.21 billion, a P/E ratio of 13.51 and a beta of 1.51. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $80.44.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) 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 earned $25.50 billion during the quarter. During the same quarter in the previous year, the firm posted $1.54 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post $5.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.10%.

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A number of research analysts have weighed in on JPM shares. Vetr upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $71.81 price objective for the company in a research report on Tuesday, November 1st. Macquarie reiterated a “neutral” rating and issued a $70.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, October 17th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $71.00 to $74.00 in a research report on Monday, October 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $78.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, November 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $72.43.

In other JPMorgan Chase & Co. news, insider Mark O’donovan sold 4,035 shares of JPMorgan Chase & Co. 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 transaction, the insider now directly owns 6,005 shares of the company’s stock, valued at $414,645.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the transaction, the chief financial officer now directly owns 16,581 shares in the company, valued at $1,115,238.06. The disclosure for this sale can be found here. Company 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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