Strategic Capital Advisers Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,594 shares of the financial services provider’s stock after selling 92 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 28th largest position. Strategic Capital Advisers Inc.’s holdings in JPMorgan Chase & Co. were worth $1,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Nordea Investment Management AB grew its holdings in JPMorgan Chase & Co. by 101.0% in the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock valued at $840,726,000 after buying an additional 4,518,458 shares in the last quarter. Laidlaw Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after buying an additional 2,797,056 shares in the last quarter. Viking Global Investors LP grew its holdings in JPMorgan Chase & Co. by 56.9% in the 2nd quarter. Viking Global Investors LP now owns 6,411,486 shares of the financial services provider’s stock valued at $603,064,000 after buying an additional 2,326,169 shares in the last quarter. Morgan Stanley grew its holdings in JPMorgan Chase & Co. by 6.4% in the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after buying an additional 2,262,845 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in JPMorgan Chase & Co. by 58.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,546,922 shares of the financial services provider’s stock valued at $437,636,000 after buying an additional 1,685,017 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

JPM has been the subject of several analyst reports. TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 price target (up previously from $122.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Independent Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $115.00 in a research note on Thursday, September 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $111.34.

In other news, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was 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 value of $333,359.67. 0.78% of the stock is owned by company insiders.

JPM stock opened at $114.57 on Friday. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The firm has a market capitalization of $349.23 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.68 and a beta of 1.15. 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 business’s 50-day moving average is $103.80 and its two-hundred day moving average is $99.04.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same quarter in the prior year, the business posted $2.68 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 7.47 EPS for the current year.

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

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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