Capital Investment Counsel LLC Sells 1,084 Shares of JPMorgan Chase & Co. $JPM

Capital Investment Counsel LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,066 shares of the financial services provider’s stock after selling 1,084 shares during the period. JPMorgan Chase & Co. makes up 1.6% of Capital Investment Counsel LLC’s portfolio, making the stock its 17th largest holding. Capital Investment Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $10,456,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. New York Life Investment Management LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. New York Life Investment Management LLC now owns 378,045 shares of the financial services provider’s stock worth $109,599,000 after acquiring an additional 4,025 shares during the last quarter. Pavion Blue Capital LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.6% in the 2nd quarter. Pavion Blue Capital LLC now owns 23,746 shares of the financial services provider’s stock worth $6,884,000 after purchasing an additional 827 shares during the period. Integral Investment Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Integral Investment Advisors Inc. now owns 14,723 shares of the financial services provider’s stock valued at $4,268,000 after purchasing an additional 133 shares during the last quarter. Wincap Financial LLC increased its position in shares of JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Wincap Financial LLC now owns 6,295 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 274 shares during the last quarter. Finally, Purkiss Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Purkiss Capital Advisors LLC now owns 13,081 shares of the financial services provider’s stock valued at $3,792,000 after buying an additional 1,895 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Wolfe Research lifted their price target on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.38.

JPMorgan Chase & Co. Trading Up 0.3%

NYSE JPM opened at $314.30 on Friday. The stock has a market cap of $864.26 billion, a PE ratio of 15.57, a PEG ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The company’s 50-day moving average price is $306.18 and its 200-day moving average price is $286.92. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $4.37 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.