Sarasin & Partners LLP Has $188.53 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sarasin & Partners LLP lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,686,354 shares of the financial services provider’s stock after selling 204,374 shares during the period. JPMorgan Chase & Co. makes up about 3.3% of Sarasin & Partners LLP’s portfolio, making the stock its 6th largest holding. Sarasin & Partners LLP owned approximately 0.05% of JPMorgan Chase & Co. worth $188,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BKD Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock valued at $4,398,000 after acquiring an additional 1,500 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 6,785 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 152 shares during the last quarter. Hedeker Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Hedeker Wealth LLC now owns 39,054 shares of the financial services provider’s stock valued at $3,812,000 after acquiring an additional 735 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of JPMorgan Chase & Co. by 13.7% in the 4th quarter. Rockland Trust Co. now owns 17,773 shares of the financial services provider’s stock valued at $1,735,000 after acquiring an additional 2,137 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of JPMorgan Chase & Co. by 115.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 72,498 shares of the financial services provider’s stock valued at $7,077,000 after acquiring an additional 38,806 shares during the last quarter. 71.57% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. stock traded down $0.01 during mid-day trading on Friday, reaching $112.93. 11,024,017 shares of the company were exchanged, compared to its average volume of 10,113,162. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The stock has a 50-day moving average price of $112.95. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $376.30 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.67 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The company had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period last year, the firm earned $2.29 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.83%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

A number of research firms recently issued reports on JPM. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Royal Bank of Canada restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $122.94.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

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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