Strategic Capital Advisers Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,594 shares of the financial services provider’s stock after selling 92 shares during the quarter. JPMorgan Chase & Co. makes up about 1.8% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 28th biggest holding. Strategic Capital Advisers Inc.’s holdings in JPMorgan Chase & Co. were worth $1,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Eqis Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 26.1% during the third quarter. Eqis Capital Management Inc. now owns 12,921 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 2,672 shares during the last quarter. TD Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 9.7% in the 3rd quarter. TD Asset Management Inc. now owns 4,247,516 shares of the financial services provider’s stock worth $408,909,000 after buying an additional 376,306 shares in the last quarter. Payden & Rygel grew its holdings in JPMorgan Chase & Co. by 4.5% in the 3rd quarter. Payden & Rygel now owns 445,817 shares of the financial services provider’s stock worth $42,919,000 after buying an additional 19,100 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in JPMorgan Chase & Co. by 36.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 212,997 shares of the financial services provider’s stock worth $20,497,000 after buying an additional 56,368 shares in the last quarter. Finally, Canton Hathaway LLC grew its holdings in JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Canton Hathaway LLC now owns 21,595 shares of the financial services provider’s stock worth $2,079,000 after buying an additional 650 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

JPM stock opened at $114.57 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50-day moving average of $103.80 and a two-hundred day moving average of $99.04. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The stock has a market capitalization of $349.23 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.69. The firm had revenue of $29.90 billion during the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.68 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

JPM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $125.00 to $130.00 in a report on Wednesday. Credit Suisse Group reiterated a “buy” rating and set a $126.00 price objective (up previously from $122.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Finally, TheStreet raised shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $111.34.

In related news, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. Company insiders own 0.78% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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