GPM Growth Investors Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,606 shares of the financial services provider’s stock after selling 4,008 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.7% of GPM Growth Investors Inc.’s portfolio, making the stock its 26th largest holding. GPM Growth Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. boosted its holdings in JPMorgan Chase & Co. by 187.7% during the 2nd quarter. Hoey Investments Inc. now owns 49,684 shares of the financial services provider’s stock worth $4,673,000 after acquiring an additional 32,417 shares during the last quarter. Hayden Royal LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. Hayden Royal LLC now owns 13,848 shares of the financial services provider’s stock worth $1,247,000 after buying an additional 362 shares during the last quarter. Occidental Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Occidental Asset Management LLC now owns 8,857 shares of the financial services provider’s stock worth $833,000 after buying an additional 554 shares during the last quarter. GFG Capital LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $947,000. Finally, WealthTrust Axiom LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7.0% in the 2nd quarter. WealthTrust Axiom LLC now owns 7,703 shares of the financial services provider’s stock worth $724,000 after buying an additional 501 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPM opened at $101.51 on Friday. The business’s 50-day moving average price is $99.36 and its 200-day moving average price is $96.79. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The stock has a market cap of $309.36 billion, a PE ratio of 13.27, a P/E/G ratio of 3.16 and a beta of 1.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.69. The company had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. JPMorgan Chase & Co.’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.68 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 6.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

A number of brokerages recently weighed in on JPM. Seaport Global Securities began coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the company a “market perform” rating in a report on Wednesday. Morgan Stanley reaffirmed a “buy” rating and set a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective on the stock in a report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $111.59.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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