LA Financiere DE L Echiquier Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

LA Financiere DE L Echiquier lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,000 shares of the financial services provider’s stock after selling 1,000 shares during the period. JPMorgan Chase & Co. accounts for 0.3% of LA Financiere DE L Echiquier’s holdings, making the stock its 25th biggest position. LA Financiere DE L Echiquier’s holdings in JPMorgan Chase & Co. were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Personal Wealth Partners acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $28,000. MRA Associates USA LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $30,000. Global Trust Asset Management LLC grew its position in JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after buying an additional 5,068 shares during the period. Bridger Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at $33,000. Finally, Titan Capital Management LLC CA acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $35,000. 73.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JPM traded down $0.51 during midday trading on Wednesday, hitting $128.65. The company’s stock had a trading volume of 547,169 shares, compared to its average volume of 12,142,743. The business’s 50 day simple moving average is $121.43 and its 200 day simple moving average is $114.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $407.49 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $131.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. The firm had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.90 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

Several analysts recently commented on JPM shares. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Credit Suisse Group set a $135.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 11th. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a report on Monday, September 16th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.02.

In other news, insider Nicole Giles sold 863 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the transaction, the insider now directly owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now directly owns 451,481 shares in the company, valued at $59,103,377.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,944 shares of company stock worth $19,088,970. Insiders own 0.76% of the company’s stock.

JPMorgan Chase & Co. Company 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.

Featured Story: Options Trading – What is a Straddle?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.