JPMorgan Chase & Co. (JPM) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 83.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,895 shares of the financial services provider’s stock after selling 1,181,773 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in JPMorgan Chase & Co. were worth $22,339,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. David R. Rahn & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $1,458,000. Ironwood Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 61.9% during the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after buying an additional 2,550 shares during the period. Gamble Jones Investment Counsel increased its stake in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after buying an additional 276 shares during the period. Grove Bank & Trust increased its stake in shares of JPMorgan Chase & Co. by 16.9% during the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after buying an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 73.76% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $110.25 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $110.70. The company has a market capitalization of $382,540.00, a PE ratio of 15.82, a P/E/G ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. analysts expect that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.14%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company’s stock.

Several equities analysts have recently commented on the company. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a research note on Wednesday. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $93.64.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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