Cedar Hill Associates LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,652 shares of the financial services provider’s stock after selling 7,520 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Cedar Hill Associates LLC’s holdings, making the stock its 24th largest position. Cedar Hill Associates LLC’s holdings in JPMorgan Chase & Co. were worth $7,362,000 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. BlackRock Inc. raised its position in JPMorgan Chase & Co. by 0.7% during the first quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock valued at $25,079,128,000 after purchasing an additional 1,627,006 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in JPMorgan Chase & Co. by 0.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock valued at $1,400,899,000 after purchasing an additional 49,436 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in JPMorgan Chase & Co. by 4.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock valued at $1,167,010,000 after purchasing an additional 481,210 shares in the last quarter. California Public Employees Retirement System raised its position in JPMorgan Chase & Co. by 0.5% during the first quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock valued at $1,037,051,000 after purchasing an additional 44,527 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in JPMorgan Chase & Co. by 104.9% during the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares in the last quarter. Institutional investors own 70.36% of the company’s stock.

Several research analysts have commented on JPM shares. Goldman Sachs Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, October 12th. Bank of America set a $132.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Sunday, October 14th. Vining Sparks restated a “buy” rating and set a $125.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $123.44.

In related news, Director Mellody L. Hobson bought 1,150 shares of the firm’s stock in a transaction on Friday, October 19th. The shares were purchased at an average price of $108.94 per share, with a total value of $125,281.00. Following the completion of the purchase, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

NYSE JPM opened at $109.59 on Wednesday. The firm has a market cap of $381.94 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.80 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $95.95 and a fifty-two week high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter in the previous year, the firm posted $1.76 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s payout ratio is presently 46.58%.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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