Trillium Asset Management LLC Acquires 2,590 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Trillium Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.3% in the third quarter, Holdings Channel.com reports. The firm owned 13,259 shares of the financial services provider’s stock after purchasing an additional 2,590 shares during the quarter. Trillium Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Neville Rodie & Shaw Inc. lifted its position in JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 164,820 shares of the financial services provider’s stock worth $18,427,000 after buying an additional 7,259 shares in the last quarter. Bath Savings Trust Co lifted its position in JPMorgan Chase & Co. by 5.8% during the 2nd quarter. Bath Savings Trust Co now owns 6,063 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 331 shares during the period. Thomasville National Bank lifted its position in JPMorgan Chase & Co. by 344.4% during the 2nd quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock valued at $9,857,000 after purchasing an additional 68,329 shares during the period. Private Trust Co. NA lifted its position in JPMorgan Chase & Co. by 5.7% during the 2nd quarter. Private Trust Co. NA now owns 86,572 shares of the financial services provider’s stock valued at $9,678,000 after purchasing an additional 4,657 shares during the period. Finally, LVM Capital Management Ltd. MI lifted its position in JPMorgan Chase & Co. by 9.8% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 8,434 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 750 shares during the period. 73.24% of the stock is owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the sale, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Giles sold 863 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now directly owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Insiders have sold a total of 152,944 shares of company stock valued at $19,088,970 over the last ninety days. Company insiders own 0.76% of the company’s stock.

A number of research analysts have issued reports on JPM shares. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Goldman Sachs Group restated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. to $126.00 in a research report on Wednesday, October 16th. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $123.02.

Shares of NYSE:JPM traded up $0.56 during mid-day trading on Friday, reaching $129.16. The stock had a trading volume of 4,337,897 shares, compared to its average volume of 10,570,214. The firm has a market cap of $405.11 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The firm has a 50 day simple moving average of $121.84 and a two-hundred day simple moving average of $114.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $131.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. The business 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.34 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 10.17 EPS 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 dividend of $0.90 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

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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