Shamrock Asset Management LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,580 shares of the financial services provider’s stock after selling 539 shares during the period. JPMorgan Chase & Co. comprises approximately 0.7% of Shamrock Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Shamrock Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. David R. Rahn & Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $1,458,000. Ironwood Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel increased its holdings in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the last quarter. Grove Bank & Trust increased its holdings in JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 73.66% of the company’s stock.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the transaction, the general counsel now directly owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 in the last three months. 0.88% of the stock is owned by insiders.

JPMorgan Chase & Co. (NYSE JPM) opened at $115.03 on Thursday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $399,120.00, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. equities research analysts expect that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

Several equities research analysts recently weighed in on the company. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective for the company in a report on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a report on Tuesday. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $108.71.

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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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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